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HomeBusinessUltraTech Shares Drop 10% in 3 Days, Hits 52-Week Low Today; What...

UltraTech Shares Drop 10% in 3 Days, Hits 52-Week Low Today; What Should Investors Do?

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Ultratech Cement’s share price hit a fresh 52-week low of Rs 5,412, down 3 per cent on the BSE in Tuesday’s trade for the third consecutive session on the heels of the company announcing around Rs 12,900 crore-capital expenditure (capex) plan. The scrip has fallen 10 per cent in the past three trading days and plunged over 25 per cent so far this year. The stock of the largest player in the cement industry was trading at its lowest level since February 2021.

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