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Ultratech Cement stock hits 52-week low post Rs 12,886-crore capex plan, here's why

Shares of Ultratech Cement fell over 6 per cent on June 3 despite the cement maker announcing an investment of Rs 12,886 crore toward capacity expansion. The weakness on the counter can be attributed to weak demand, high fuel costs and entry of a new player (Adani group). Hence, the stock is reacting negatively to significant capacity announcement by the Aditya Birla Group firm.
Morgan Stanley Adani Group Aditya Birla Group Ultratech Cement Tech Cement Million Tonnes Per Annum

Business News | Sensex Rallies for 2nd Day; Reliance, Infosys, TCS Surge

Get latest articles and stories on Business at LatestLY. The Indian stock markets benchmar Sensex was trading with a gain of around 0.6 per cent in the afternoon session on Friday, led by strong buying support in heavyweights Reliance Industries Limited and Tata Consultancy Services. Business News | Sensex Rallies for 2nd Day; Reliance, Infosys, TCS Surge.
India General Uttar Pradesh Sun Pharma Maruti Suzuki Bharti Airtel Axis Bank

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