ULTRATECH CEMENT (ULTRACEMCO)
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Sensex Surges 800 Points as IT Stocks Power Market Rebound
Indian equities staged a sharp rebound on October 21, with the Sensex jumping over 800 points intraday and the Nifty reclaiming the 23,050-23,100 zone, led by IT stocks. Analysts attribute the rally to positive global cues, though rising crude prices and bond yields are capping gains, and some derivatives desks flag Nifty futures as still vulnerable to a pullback.
UltraTech Cement Q2 net profit rises 21%
"In a normal year, cement prices slip during July and August as rains slow site (work) and dealers chase volumes," chief financial officer Atul Daga said. "This year, the industry largely avoided that," he added. July-September is typically the weakest for cement-makers, both in terms of prices and demand as monsoon rains disrupt construction activities and impact demand.
UltraTech Cement Q2 profit jumps 21% to ₹1,494 crore
UltraTech Cement reported a 21% year-on-year rise in Q2 net profit to ₹1,494 crore, with revenue up 19%. Despite the strong earnings, the stock fell 5% from its intraday high as investors reacted to the results. The market's muted response suggests concerns over valuation or forward outlook despite the headline beat.
UltraTech Cement Q1 results boost shares
The company on Monday reported a 17% year-on-year (YoY) increase in its consolidated net profit to Rs 2,599 crore for the first quarter of FY27, from Rs 2,226 crore in the corresponding quarter of the previous financial year. The firm’s revenue from operations, meanwhile, increased 16% YoY to Rs 24,648 crore during the quarter under review.
Ather Energy raises ₹1,300 crore in fund round
Ather Energy has successfully completed a ₹1,300 crore fundraising at a premium valuation, attracting investment from ADIA and mutual funds. Analysts recommend holding the stock despite market volatility post Q1 performance.
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UltraTech Cem Share Price Live Updates: UltraTech Cement's Recent Price Trends - The Economic Times
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