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Indian-Commodity  :  Equity & Shares  :  Ultratech Cement trades higher on the bourses

Ultratech Cement trades higher on the bourses (05-Jul-2017)

Ultratech Cement is currently trading at Rs. 4043.00, up by 25.30 points or 0.63% from its previous closing of Rs. 4017.70 on the BSE.

The scrip opened at Rs. 4034.00 and has touched a high and low of Rs. 4048.00 and Rs. 4022.50 respectively. So far 2081 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. 4048.00 and Rs. 3823.00 respectively. The current market cap of the company is Rs. 110579.17 crore.

The promoters holding in the company stood at 62.16%, while institutions and non-institutions held 27.45% and 9.74% respectively.

Aditya Birla group firm Ultratech Cement has reduced prices of its products by 2-3 percent, extending benefits of tax reduction under the Goods and Service Tax (GST) regime. The company has started supply of batches on new rates from July 1 from its warehouses, when the new tax structure came into force.

Cement has been taxed at 28 percent under the GST as compared to 30 to 31 percent in the previous system of taxation. Though, the reduction in prices would vary from state to state.

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.


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