Star Cement soars 11%, nears 52-week high on heavy volumes

The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said

Shares of Star Cement (SCL) soared 11 per cent to Rs 119.95 on the BSE in Thursday’s intra-day trade amid back of heavy volumes. The stock of cement & cement products company inched towards its 52-week high level of Rs 124.10, touched on December 12, 2022.

At 02:08 pm; SCL was trading 5 per cent higher at Rs 113.70 on the back of a multiple-fold jump in its average trading volumes. A combined 3.21 million shares, representing 0.79 per cent equity of SCL, changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.01