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Timken India, Inox Wind, Concord Biotech, IIFL Finance, UltraTech Cement, Honasa Consumer, Adani Energy Solutions, Nykaa, Keystone Realtors in news.
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK...
UltraTech's consolidation was characterized by a lower high pattern on a weekly basis and despite which the stock managed to remain well above its 200-DEMA on the daily timeframe, said SMC Global.
The Nifty 50 is likely to be rangebound with resistance at 23,100-23,200 and support at 22,800 in the coming sessions, while volatility is expected to be elevated ahead of the Lok Sabha election results.
Nearly 35% of the group's valuation is attributed to UltraTech, which has a market capitalization of Rs 2.95 lakh crore, making it the third most valuable cement company globally.