ITD Cementation surges 18% on Adani play; has zoomed 122% so far in 2024

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ITD Cementation surges 18% on Adani play; has zoomed 122% so far in 2024 - Business Standard

Quick Summary:

ITD Cementation had announced on July 3, 2024, that its promoter Italian Thai Development (ITD) Public Company Limited is exploring a potential divestment of its investments in the company.

Shares of ITD Cementation India hit a new high of Rs 634, as they surged 18 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes in an otherwise weak market.

On September 20, ITD Cementation further informed that there was no conclusion to the proposed divestment of ITD’s investments in the company.