Brokerages positive on UltraTech Cement

Brokerages positive on UltraTech Cement
27/04/2019 , by , in ALLIED

UltraTech Cement shares rallied 6.6 percent intraday to hit a record high of Rs 4,686.30 on April 25 as brokerages retained their positive stance on the stock after company’s March quarter earnings.

The cement major reported a whopping 108 percent year-on-year growth in March quarter profit at Rs 1,017 crore, driven by sales volume and operating income growth.

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