India Cements shares surged nearly 9% today

India Cements shares surged nearly 9% today, trading around ₹320, after reporting a fourfold jump in Q2 profit to ₹38.82 crore and announcing a ₹20 crore investment in renewable energy. The rally marks a sharp rebound from recent lows, though analysts caution it may be a short-term relief rally. 📈 Stock Performance Today Current Price (21 Oct 2026, 2:07 PM IST): ₹321.75 (up 9.42%) Intraday High: ₹323.40 Intraday Low: ₹296.25 Volume: 15.7 million shares (vs. 20-day avg of 373k — huge spike in activity) Market Cap: ~₹9,914 crore 📰 Key News Driving the Surge Q2 Results (Sept 2026): Net profit jumped 4x to ₹38.82 crore (vs. ₹8.81 crore last year). Revenue up 2.2% YoY to ₹1,142 crore. EBITDA rose 78% to ₹145 crore; margin improved to 12.7% from 7.3%. Boosted by operational efficiencies and higher capacity utilization.