Latest Stock Market News

Promoters held 59.4 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 25.16 per cent and 2.75 per cent, respectively.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 196458.01 Crore) operating in Cement sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 2395.45.

ET had reported in November 2021 that SAMHI was in talks with distressed assets investor Cerberus Capital to raise Rs 1,000 crore in structured debt. The proceeds would have been used to repay the company’s existing loans. At that time, SAMHI had a consolidated debt of about Rs 2,200 crore.

The Nifty Pharma index was trading 0.36 per cent down at 12673.25.

A total of 19,511 shares changed hands on the counter till 01:48PM (IST).

Since November 2022, the stock has remained in pressure and is currently oscillating around a 20-month EMA. The stock may witness near-term volatility, as its quarterly result is scheduled on 24th January 2023.

Global brokerage firm Nomura believes Budget focus areas could include ‘subtle’ support of consumption, a strong focus on manufacturing with an emphasis on MSMEs, higher infrastructure spending, asset monetisation, and agriculture and rural spending.

In India, trade settlement used to take place on a ‘T+2’ basis, meaning that the securities bought or sold by an investor will reflect in his/her demat account after a period of 2 days.

Nifty formed a small-bodied bullish candle on the daily scale on Monday and negated its lower lows formation of the last four sessions.​