Shares of cement manufacturers were in focus in an otherwise subdued market, with a sector giant UltraTech Cement hitting a 52-week high, while Ambjua Cements surging 4 per cent on expectations of profitability likely to improve in fiscal 2024, owing to softening of coal and pet coke prices.
Among individual stocks, UltraTech Cement hit a 52-week high of Rs 8,049, up 2 per cent on the BSE in Tuesday’s intra-day trade. The stock surpassed its previous high of Rs 7,972.95, touched on May 30, 2023. It had hit a record high of Rs 8,267 on November 8, 2021.