UltraTech Cement rises as its parent organization to set up paint unit in West Bengal
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Ultratech Cement is currently trading at Rs. 7223.10, up by 76.10 points or 1.06% from its previous closing of Rs. 7147.00 on the BSE.
The scrip opened at Rs. 7195.00 and has touched a high and low of Rs. 7240.00 and Rs. 7157.70 respectively. So far 1919 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8070.60 on 08-Sep-2021 and a 52 week low of Rs. 4447.40 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 7307.70 and Rs. 7010.00 respectively. The current market cap of the company is Rs. 208845.33 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.04% and 8.48% respectively.
UltraTech Cement’s parent organization -- Aditya Birla group is planning to set up a paint unit in West Bengal at an investment of around Rs 1,000 crore, and it will be commissioned in the next 18-24 months. The paint unit itself would provide employment for 600 people and indirect employment for over 1500 people would be created.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
.jpg)
