UltraTech Cement gains on incorporating Wholly-owned Subsidiary
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Ultratech Cement is currently trading at Rs. 10027.05, up by 61.55 points or 0.62% from its previous closing of Rs. 9965.50 on the BSE.
The scrip opened at Rs. 9960.00 and has touched a high and low of Rs. 10043.20 and Rs. 9930.00 respectively. So far 856 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10522.65 on 29-Dec-2023 and a 52 week low of Rs. 6605.45 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 10043.20 and Rs. 9726.65 respectively. The current market cap of the company is Rs. 287691.70 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.93% and 7.60% respectively.
UltraTech Cement has incorporated a Wholly-owned Subsidiary (WOS) viz. ‘Letein Valley Cement’ on January 16, 2024. WOS will carry on the business of mining of limestone and other raw materials; manufacture and sale of cement.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
