UltraTech Cement crosses Rs 1.5 trillion m-cap; stock up 7% in 3 days

The company informed, on December 3, that its board has approved increasing the firm's capacity by 12.8 mtpa, with a mix of brown field and green field expansion at a capex of Rs 5,477 crore

Shares of UltraTech Cement on Tuesday joined the elite club of Rs 1.5-trillion market capitalization (m-cap) on the BSE, as its share price hit an all-time high of Rs 5,208 after rising 3 per cent in intra-day deals.

With the market-cap of Rs 1.50 trillion, at 10:31 am, UltraTech Cement stood at number 22nd position in overall market-cap ranking, the BSE data shows.

In the past three trading days, the stock has gained 6.5 per cent after the company said, on Thursday, December 3, that its board has approved increasing the firm's capacity by 12.8 mtpa, with a