Bengaluru, March 5 -- The shares of a Cement stock, specializing in producing high-quality cement for the construction industry, jumped upto 2 percent after being declared the preferred bidder by the Government of Assam.

Price action

With a market capitalization of Rs. 8,508.00 crores on Wednesday, the shares of Star Cement Limited jumped upto 2.1 percent making a high of Rs. 214.60 per share compared to its previous closing price of Rs. 210.20 per share.

What Happened

Star Cement Limited engaged in producing high-quality cement for the construction industry was declared the preferred bidder for the North Boro Hundong Limestone Block (Part A) by the Government of Assam and this block spans 200 hectares in the Dima Hasao district and i...