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UltraTech Cement: It has received an order from Assistant Commissioner, Bathinda, for a demand of "Rs 25.11 lakh together with interest and penalty, alleging that the ISD (Input Service Distributor) credit not reflected" in the statement of FY18, the Aditya Birla Group firm said in a regulatory filing on Friday.
Shares of major cement producers outperformed the broader market this week on prospects of robust volume growth and improved profitability due to lower input costs in the second half of the current fiscal.
Consensus sentiment around HDFC Bank and the entire BFSI pack remains positive, somewhat different from what it was at the beginning of the year
JSW Steel, NTPC, Power Grid, Bajaj Finserv, HDFC Bank, ITC, Nestle and Tata Steel were the major gainers
Rallying for the fifth day running, the 30-share BSE Sensex jumped 322.08 points to reach its new lifetime peak of 72,360.51 in early trade. The Nifty climbed 90.85 points to reach its all-time high of 21,745.60.