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UltraTech Cement nears record high on healthy demand outlook

In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex.

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The company expects strong demand to continue in the rural segment while urban demand is likely to recover in the second half (October-March) of the current fiscal.

SI Reporter Mumbai
Shares of UltraTech Cement hit a 52-week high of Rs 4,800, up 2 per cent on the BSE in intra-day trade on Wednesday on the expectation of a healthy demand outlook. The stock was trading close to its record high level of Rs 4,904, touched on May 27, 2019.

In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex. At 11:55 am, UltraTech Cement was trading 1 per cent higher at Rs 4,758 on the BSE, as compared to a 0.43 per