UltraTech Cement rose 1.01% to Rs 3,090 at 9:18 IST on BSE after the firm won the Bicharpur coal block in MP for Rs 3,003 per tonne, according to the results of e-Auction for Schedule II coal mines from Ministry of Coal yesterday, 19 February 2015.
Meanwhile, the S&P BSE Sensex was down 59.30 points or 0.2% at 29,402.97.
On BSE, so far 385 shares were traded in the counter as against average daily volume of 47,000 shares in the past two weeks.
The stock hit a high of Rs 3,124.50 and a low of Rs 3,101 so far during the day.
The coal ministry has started auctioning coal blocks after the Supreme Court in September last year cancelled the allocation of more than 200 coal mines allotted between 1993 and 2010 after ruling that they were arbitrary and illegal.
On consolidated basis, UltraTech Cement's net profit rose 1.2% to Rs 399.98 crore on 13.6% growth in net sales to Rs 5834.63 crore in Q3 December 2014 over Q3 December 2013.
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UltraTech Cement, part of the Aditya Birla Group, is a leading cement manufacturer in India.
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