The company s shares this year so far have risen nearly 115%. Following three consecutive months of lacklustre performance from December to February, the stock made a strong comeback. Over the next nine months, it recorded gains in eight of them.
Out of the last 15 months (including December), the stock finished 13 in the green. During this period, the shares appreciated from ₹83.70 apiece to ₹423 apiece, resulting in a gain of 405%.
UltraTech is the third-largest cement producer in the world, outside of China, with a total grey cement capacity of 137.85 MTPA. The company s shares this year so far have rallied significantly, delivering a return of 40.13%.