UltraTech Cement trades higher on prepaying Rs 5,000 crore loan

Ultratech Cement is currently trading at Rs. 6803.55, up by 13.30 points or 0.20% from its previous closing of Rs. 6790.25 on the BSE.

The scrip opened at Rs. 6810.00 and has touched a high and low of Rs. 6850.00 and Rs. 6780.00 respectively. So far 10948 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6959.15 on 23-Mar-2021 and a 52 week low of Rs. 3029.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 6910.80 and Rs. 6637.45 respectively. The current market cap of the company is Rs. 197669.85 crore.

The promoters holding in the company stood at 59.97%, while Institutions and Non-Institutions held 30.98% and 8.98% respectively.

UltraTech Cement has prepaid its long-term loans of Rs 5,000 crore. The loan repayment has been done through free cash flows that the company has generated over the last few quarters despite the pandemic. This is in line with the company’s endeavour to maintain optimal capital structure. However, the company did not share the deadline by which the long-term loans were to be prepaid.

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.