UltraTech Cement's Stock Performance Update - 28th February 2024

UltraTech Cement's stock price sees a notable movement, breaking above the 20-Day Simple Moving Average (SMA), showcasing a dynamic shift in its market position as of 28th February 2024.

UltraTech Cement's Stock Performance Update - 28th February 2024
Photo by Damjan Dobrila / Unsplash

In a significant market update, UltraTech Cement's stock price has shown a promising uptrend, surpassing its 20-Day Simple Moving Average (SMA) and reaching a price of Rs 9970.0.

This movement is part of the broader narrative captured in the Economic Times' live blog, offering real-time insights into UltraTech Cement's stock performance, including the latest traded price of Rs 9976.05, market capitalization of 286117.36, and a volume of 99664.

With a price-to-earnings ratio of 44.81 and earnings per share of 222.14, the stock's current dynamics provide a comprehensive overview for investors and market watchers.

The live blog meticulously tracks UltraTech Cement's performance, highlighting fluctuations and trends with updates on price changes, moving averages, and trading volumes. For instance, a slight decline in price was noted with the 5-day Exponential Moving Average (EMA5) at Rs 9937.42, and a similar trend observed with the 7-day simple moving average (SMA7) at Rs 9959.46.

Despite these minor fluctuations, UltraTech Cement has shown a strong 6-month return of 21.89%, indicating robust market confidence and investor interest.

Source: The Economic Times.