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UltraTech Cement gains on launching its brand in Andhra Pradesh

03 Aug 2017 Evaluate

UltraTech Cement is currently trading at Rs. 4095.70, up by 6.05 points or 0.15% from its previous closing of Rs. 4089.65 on the BSE.

The scrip opened at Rs. 4061.00 and has touched a high and low of Rs. 4120.00 and Rs. 4061.00 respectively. So far 2,744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4531.00 on 16-May-2017 and a 52 week low of Rs. 3052.00 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 4120.00 and Rs. 4000.10 respectively. The current market cap of the company is Rs. 1,12,436.00 crore.

The promoters holding in the company stood at 62.14%, while Institutions and Non-Institutions held 27.46% and 9.75% respectively.

UltraTech Cement has launched its brand in Vijayawada, Andhra Pradesh. The company’s new wave of expansion is aligned with the government’s infrastructure development goals. Andhra Pradesh market enjoys the first mover advantage. The launch in the state strengthens the company’s foothold in the southern region.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.


Peers
Company Name CMP
Ultratech Cement 11090.50
Ambuja Cements 384.50
ACC 1236.60
Shree Cement 22430.00
Dalmia Bharat 1704.00
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