UltraTech Cement slipped lower on Monday, lagging behind the broader market’s momentum.

UltraTech Cement, a leading cement manufacturer in India, saw its stock price fall on Monday, underperforming the broader market. The company’s shares declined by 2.5% to close at ₹4,443.20, while the Nifty 50 index rose by 0.4%. The decline was attributed to concerns over the company’s ability to maintain its profit margins in the face of rising raw material costs and a decline in demand from the real estate sector. Additionally, some analysts were disappointed with the company’s quarterly earnings report, which showed a decline in profit due to higher costs and lower sales volumes. Despite this, UltraTech Cement remains one of the largest and most profitable cement companies in India, with a strong presence in the domestic market and a growing presence in international markets. The company’s long-term fundamentals remain strong, and investors may see the recent decline as an opportunity to buy into the stock at a discounted price.