UltraTech Cement trades higher after reporting 16% consolidated sales growth in Q2FY24
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Ultratech Cement is currently trading at Rs. 8307.25, up by 49.75 points or 0.60% from its previous closing of Rs. 8257.50 on the BSE.
The scrip opened at Rs. 8349.80 and has touched a high and low of Rs. 8390.80 and Rs. 8225.95 respectively. So far 28152 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8750.00 on 15-Sep-2023 and a 52 week low of Rs. 6060.00 on 12-Oct-2022.
Last one week high and low of the scrip stood at Rs. 8390.80 and Rs. 8126.95 respectively. The current market cap of the company is Rs. 239818.96 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.81% and 7.70% respectively.
UltraTech Cement’s consolidated sales rose 15.54 per cent to 26.69 million tonne (MT) year-on-year in the second quarter ended September 30, 2023. The company produced 23.10 MT cement in July-September period a year ago. Total sales volume in the domestic market was up 15.37 per cent to 25.66 MT during the quarter under review. It was 22.24 MT in Q2 FY23.
Its grey cement production in the domestic market was at 25.24 MT in September quarter of FY24, reporting 15.46 per cent growth, while its white cement production was 0.42 MT, up 10.52 per cent. UltraTech's overseas production, mainly grey cement was 1.18 MT in Q2 FY24, up 21.64 per cent.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
