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This Radhakishan Damani-owned stock hits over 13-yr high on robust outlook

India Cements rallied 11 per cent to Rs 221.80 on the BSE today, trading at its highest level since February 2008

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India’s cement demand is on the path to recovery, but local lockdowns have made it erratic.

SI Reporter Mumbai
Shares of India Cement rallied 11 per cent to Rs 221.80, hitting an over 13-year high on the BSE on Thursday, on the back of heavy volumes. The stock of the cement & cement products manufacturer was trading at its highest level since February 2008. It surpassed its previous high of Rs 210.90, touched on May 24, 2021.

At 12:33 pm, the stock was quoting 9 per cent higher at Rs 217.80 on the BSE, as compared to a 0.59 per cent rise in the S&P BSE Sensex. Trading volumes on the counter jumped an over three-fold with a