UltraTech Cement Stock Declines for Sixth Consecutive Day, Down 4.72%

UltraTech Cement, a prominent player in the Cement & Cement Products industry, has experienced notable activity today, underperforming its sector by 0.46%. The stock has been on a downward trend for the past six days, resulting in a cumulative decline of 4.72%. It opened at Rs 12,050 and has maintained this price throughout the trading session.
With a market capitalization of Rs 3,58,151.59 crore, UltraTech Cement holds a price-to-earnings (P/E) ratio of 51.29, which is above the industry average of 43.83. In terms of moving averages, the stock is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In the broader cement sector, 75 companies have reported results, with 25 showing positive outcomes, 40 flat, and 10 negative. Over the past year, UltraTech Cement has delivered a return of 2.91%, outperforming the Sensex, which has declined by 4.37%. Year-to-date, the company has achieved a return of 6.43%, compared to the Sensex's 3.17%.