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UltraTech’s sales increased in FY 23 at a faster pace than those of the cement industry as a whole. It also reduced debt and added new capacity to the tune of 12 million tonnes in fiscal 23.
Company has a consolidated grey cement capacity of 134.5mt, which is projected to rise to 160.45mt
Stocks to watch: Shares of firms like Wipro, Axis Bank, Tech Mahindra, ACC, UltraTech, SBI Cards, and others will be in focus on Friday's trade.
Bajaj Finserv remained volatile but managed to surpass its previous swing high, gaining upward momentum post a decent set of quarterly numbers.
The dividend for the shares with face value of Rs 10 will be distributed after the approval of shareholders at the upcoming Annual General Meeting.