UltraTech Cement Shares Fall 5% From Day’s High After Q2 Results
UltraTech Cement shares fell 5% from the day’s high on October 19 after the company reported a smaller-than-expected rise in second-quarter profit. The report cited higher raw material costs.
UltraTech Cement shares declined 5% from the day's high on October 19 after its September-quarter results fell short of estimates. India's largest cement producer by capacity reported a second-quarter profit increase that was below expectations on Monday, as raw-material costs rose.