UltraTech Cement Approaches 52-Week High Amid Strong Market Performance

UltraTech Cement, a prominent player in the Cement & Cement Products industry, has shown notable activity today, trading close to its 52-week high, just 3.31% away from Rs 12,711.95. The stock opened at Rs 12,305 and has maintained this price throughout the trading session. Over the past three days, UltraTech Cement has recorded a consecutive gain of 1.59%, reflecting a performance that is in line with the sector.
In terms of moving averages, the stock is currently higher than its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. The company's market capitalization stands at Rs 3,63,105.15 crore, categorizing it as a large-cap stock, with a price-to-earnings (P/E) ratio of 52.23, which is above the industry average of 45.59.

Looking at broader performance metrics, UltraTech Cement has outperformed the Sensex over various time frames, including a 1-year performance of 8.51% compared to the Sensex's 2.71%. The stock has also shown resilience with a year-to-date performance of 7.90% against the Sensex's 3.31%.