💨 Abstract

India's UltraTech Cement shares dropped 5% to a eight-month low on Thursday due to analyst concerns over the company's expansion into the cables and wires business. Shares were the top percentage losers on the Nifty 50 index, which had minimal change for the day. The decline occurred despite the Indian rupee being steady against the US dollar.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖