UltraTech Cement hits new all-time high on strong Q4 results

The stock surpassed its previous high of Rs 4,490, touched on August 31, 2018 and is 2 per cent away from its all-time high of Rs 4,594

UltraTech Cement hit a new all-time high of Rs 4,625, up 5 per cent, in early morning trade on Thursday. The stock has surged 9 per cent in the past two trading days on the BSE, after the company reported strong performance in the March quarter (Q4FY19).

The stock surpassed its previous all-time high of Rs 4,594, recorded on January 16, 2018 on the BSE in intra-day trade.

UltraTech Cement registered a strong operating performance with Ebitda (earnings before interest, tax, depreciation and amortization) rising 30 per cent year on year (YoY) at Rs 2,200 crore led by hefty