Ultratech Cement shares jump nearly 6% post strong earnings

Shares of Ultratech Cement today rose by nearly 6 per cent after the company reported 47 per cent increase in consolidated profit after tax for September quarter.
Ultratech's scrip gained 5.50 per cent to settle at Rs 2,450.55 on the BSE. During the day, it jumped 5.74 per cent to Rs 2,456.10.
At the NSE, it climbed 5.90 per cent to end at Rs 2,454.60.
Ultratech Cement had on Saturday reported 47 per cent increase in consolidated profit after tax for the July- September quarter at Rs 416 crore on higher sales.
The Aditya Birla Group flagship had clocked Rs 283 crore profit in the same quarter of 2013-14 fiscal.

Its net sales rose to Rs 5,723 crore for the second quarter of the current fiscal, from Rs 4,849 crore a year ago on higher sales of cement and wall care putty.