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A total of 25,149 shares changed hands on the counter till 02:14PM (IST).

The company, in its AGM announced capex plans worth Rs 75000 crore over five years across its petrochemical chain.

On the technical charts, the RSI of the stock stood at 57.12.

The combined government capex (centre + states) has risen to an all-time high of Rs 12.3 lakh crore on a TTM basis, and expectations are that it is likely to exceed Rs 14 lakh crore in the current fiscal year going by the current trends.

As per Trendlyne data, the highest target price for the stock goes up to Rs 3800, while the average target price estimate is Rs 3339, which shows a downside of 6% from the current levels. Out of the six analysts covering the stock, five have strong buy ratings and one has a sell rating.

The stock quoted a 52-week high price of Rs 554.05 and a 52-week low of Rs 455.8.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 201493.01 Crore) operating in Cement sector.

A total of 7,140 shares changed hands on the counter till 01:17PM (IST).

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“The investment in Lotus underlines our commitment to further boost indigenously developed daily use high-quality products, to serve a broad customer spectrum at affordable prices,” Isha Ambani, the executive director of Reliance Retail, was quoted as saying in the release.