UltraTech cement tops Rs 10,000, ends day below peak. Should you buy?
New Delhi: Shares of UltraTech Cement fell by over one per cent on Tuesday after the company reported a 36.1 per cent decline in its consolidated net profit for the fourth quarter ended March 2023. The stock ended 1.30 per cent lower at Rs7,456.05 on the BSE.
During the day, it went down by 1.55 per cent to Rs7,436.75. At the NSE, it fell by 1.29 per cent to finish at Rs7,458. The company's market valuation fell by Rs2,845 crore to Rs2,15,245.98 crore.
Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs2,613.75 crore in the January-March period a year ago, UltraTech Cement said in a regulatory filing.
