India Cements shares rally 16%, hit a 52-week high on heavy volumes

A combined 9.8 million shares, representing 3.2 per cent total equity of India Cements, changed hands on the NSE and BSE till 03:00 pm.

Shares of India Cements soared 16 per cent to Rs 153.10, also its 52-week high on the BSE in the intra-day trade on Thursday in an otherwise weak market on the back of heavy volumes. The stock of the cement manufacturer surpassed its previous high of Rs 140 hit on May 26, 2020.

At 03:00 pm, India Cements was quoting at Rs 151, up 14 per cent, as compared to one per cent decline in the S&P BSE Sensex at 43,757 points. The trading volumes on the counter rose more than eight-fold today. A combined 9.8 million shares, representing 3.2