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Todays Market
Indian Stock Market Updates March 23, 2020

Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

ULTRATECH CEMENT Plunges by 13%; BSE 500 Index Down 8.6%
Mon, 23 Mar 09:49 AM

ULTRATECH CEMENT share price has plunged 13% and is presently trading at Rs 3,500.

Meanwhile, the BSE 500 Index is at 10,631 (down 8.6%).

Among the top losers in the BSE 500 Index today are ULTRATECH CEMENT (down 13.0%) and SHREE CEMENT (down 11.8%).

CERA SANITARY (up 14.6%) and THYROCARE TECHNOLOGIES (up 8.5%) are among the top gainers today.

Over the last one year, ULTRATECH CEMENT has moved down from Rs 3,929 to Rs 3,500, registering a loss of Rs 429 (down 10.9%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.3%), ABBOTT INDIA (up 87.5%) and NAVIN FLUORINE (up 65.0%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

ULTRATECH CEMENT Financial Update...

ULTRATECH CEMENT net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 4 billion a year ago. Net Sales rose 10.3% to Rs 103.5 billion during the period as against Rs 93.9 billion in October-December 2018.

For the year ended March 2019, ULTRATECH CEMENT reported 9.3% increase in net profit to Rs 24.3 billion compared to net profit of Rs 22.2 billion during FY18.

Revenue of the company grew 17.3% to Rs 374 billion during FY19.

The current Price to earnings ratio of ULTRATECH CEMENT, based on rolling 12 month earnings, stands at 24.3x.