UltraTech Cement Stock Declines 1.32% Amid Mixed Sector Performance

UltraTech Cement, a prominent player in the Cement & Cement Products industry, has shown notable activity today, underperforming its sector by 0.47%. The stock has experienced a consecutive decline over the past two days, resulting in a total drop of 1.32%. It opened at Rs 11,892.3 and has maintained this price throughout the trading session.
In terms of moving averages, UltraTech Cement's current price is above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day averages, indicating mixed short-term performance relative to longer-term trends.

The company boasts a market capitalization of Rs 3,51,169.17 crore and a price-to-earnings (P/E) ratio of 47.97, which is higher than the industry average of 40.61.

Over the past year, UltraTech Cement has delivered a return of 7.35%, outperforming the Sensex, which recorded a gain of 5.02%. However, its performance over shorter time frames, such as the last month and quarter, has been less favorable compared to the broader market.