UltraTech Cement shares down on earnings
Jan 21 2013
UltraTech continues to struggle with capacity utilization and no volume growth, Kotak Securities said in a note, even as market consensus is for higher volumes growth from expanded capacities in the sector by fiscal 2014.
Other cement players fall: ACC Ltd declines 1.35 percent, Ambuja Cements Ltd retreats 2 percent.
Cement makers have been hit by concerns about rising operating costs as the government last week said bulk buyers would pay market rates for diesel.