Top Cement stocks: Cement demand is expected to grow at a CAGR of 9% over FY23-FY25E. Despite companies adding capacities, cement demand will outpace the cement supply but pricing is likely to remain under pressure. Ultratech Cement, JK Cement, or Birla Corporation, watch this Visual Story to know which cement stock to buy.
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UltraTech Cement shares gain over 5 percent on Q3 earnings boost
Shares of UltraTech Cement on Monday gained over 5 per cent after the company more than doubled its consolidated net profit in the October-December quarter of FY2021. The stock jumped 5.40 per cent to a one-year high of Rs 5,829.90 on the BSE.
On the NSE, it gained 5.36 per cent to its 52-week high of Rs 5,831.80.
Aditya Birla group firm UltraTech Cement on Saturday reported over two-fold jump in consolidated net profit at Rs 1,584.58 crore in the December quarter.
The leading cement producer had posted a net profit of Rs 711.17 crore in the October-December quarter a year ago, UltraTech Cement said in a BSE filing.