UltraTech Cement hits 7-month high; stock surges 7% in 3 days

Shares of UltraTech Cement hit a seven-month high of Rs 4,334, up 3 per cent on the BSE, in the intra-day trade on Thursday on expectation of improvement in demand. The stock of the cement major was trading higher for the third straight day, ralling 7 per cent during the period and was trading at its highest level since March 6, 2020.

In the past three months, UltraTech Cement outperformed the market by gaining 14 per cent after the company reported better-than-expected operational performance in the April-June quarter of FY21 (Q1FY21). In comparison, the S&P BSE Sensex was up 11.3 per