Financial

UltraTech Cement's Stock Underperforms Compared to Competitors

UltraTech Cement Ltd. closed 670.30 rupees below its 52-week high of 10,522.65 rupees on Tuesday, underperforming compared to some of its competitors.

Photo: Jafrabad Cement Works, UltraTech Cement

UltraTech Cement Ltd., a leading cement company in India, closed 670.30 rupees below its 52-week high of 10,522.65 rupees on Tuesday, underperforming compared to some of its competitors.

The stock's performance is being closely watched in the context of the cement industry's dynamics and market trends. The company's stock performance is indicative of its position in the market and its competitiveness within the industry.

Source: MarketWatch

Al Jouf Cement Initiates Liquidation of EICO Subsidiary

Al Jouf Cement has begun the liquidation process of its subsidiary, Eastern Industrial Co. (EICO), reflecting a strategic shift and potential financial recovery.

Huaxin Cement (600801) Net Sell of 1.327 Million Yuan by Major Funds on March 18

On March 18, 2024, Huaxin Cement (600801) experienced a net outflow of major funds amounting to 1.327 million yuan, with the stock closing at 13.47 yuan, marking a decrease of 0.44%.

Cementos Argos Approved Conversion of Preferred Shares into Ordinary Shares

In a significant move during its shareholders' meeting, Cementos Argos, a leading cement company under the Argos Group, has approved the conversion of preferred shares into ordinary shares.

Read next