Following the upgrades, Ultratech shares jumped 3.5% to hit a 52-week high of Rs 10,379.70 on BSE. Dalmia Bharat stock rose 3% to Rs 2,301.70, while that of The Ramco Cements went up by 5% to Rs 1,037.45. Shree Cement was also trading about 1% higher.
While the stocks have recovered from crash that followed the the Hindenburg Research early this year, most of the scrips are still trading lower than they were before the US-based shortseller accused the group of stock manipulation
Shares of Sanghi Industries surged 5 per cent, locked in the buyer's circuit, at its new 52-week highs at Rs 100.73 with a total market capitalization of more than Rs 2,600 crore.
Adani group shares rose in morning deals on Thursday after Mauritius Financial Services Minister Mahen Kumar Seeruttun refuted the allegations labelled by the Hindenburg Research report about the shell companies operating in the island nation. Watch this Visual Story to check Adani Enterprises share price, and more.