Target price: Rs 880

The domestic cement sales improved by 10.8% to 3.58 MMT in September quarter.

The operating profit margin (OPM) improved by 925 basis points to 30.5% largely due to an increase in the blended realisation and a decrease in the raw material cost.

MUMBAI: Cement manufacturer Ultra Tech on Monday climbed 4.39 per cent on the Bombay Stock Exchange after Aditya Birla group said it would
consolidate its cement businesses by merging Grasim cement with Ultra Tech.

Shares of Ultra Tech Cement surged 4.39 per cent to Rs 886.25 on BSE. The scrip c..

UltraTechCement touched a 52-week high of Rs 872. the share was quoting at Rs 862, up Rs 63.90, or 8.01%.

It was trading with volumes of 177,223 shares, compared to its five-day average of 20,569 shares, an increase of 761.62%.

Yesterday the share closed up 3.31% or Rs 25.60 at Rs 798.10.