UltraTech Cement, on Friday, joined the elite club of companies with Rs 2-trillion market capitalisation (market-cap) on the BSE after the company s stock price rose 2.5 per cent and hit a new high of Rs 6,946 in intra-day trade. The stock has rallied 14 per cent in the current week, on robust demand and price hike reports.
With the market-cap of Rs 2 trillion, at 10:19 am, UltraTech Cement became the first cement company to join the elite group of companies. In the past six months, the stock has outperformed the market by zooming 77 per cent, as compared to 32 per cent surge in the S&P BSE Sensex.