India Cements rises most in nearly a week

India Cements

06/10/2022 09:46

** Shares of cement maker India Cements ltd  ICMN.NS  rise
as much as 7.91% to 281.60 rupees, marking their biggest
intraday pct gain since Sept. 30
    ** Stock rises for a second straight session, hitting its
highest since Sept.20
    ** More than 14.9 mln shares change hands by GMT 0830 vs the
30-day avg of over 10 mln shares
    ** All seven analysts covering the stock rate it "sell" or
"strong sell"; median PT is 135 rupees - Refinitiv data
    ** ICMN last up 5.6%
    ** Stock up 35.73% YTD, as of last close
 
 ($1 = 81.7225 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))