Cement News

UltraTech Cement stocks: Buy UltraTech Cement, target price Rs 7100: Emkay Global

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Emkay Global has buy call on UltraTech Cement with a target price of Rs 7100. The current market price of is Rs 6478.8. Time period given by analyst is one year when . price can reach defined target.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 187116.44 Crore) operating in Cement sector.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2022.

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Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 15272.70 Crore, down -3.70 % from last quarter Total Income of Rs 15859.67 Crore and up 26.91 % from last year same quarter Total Income of Rs 12034.71 Crore. Company reported net profit after tax of Rs 1581.24 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 59.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.12 per cent, DIIs 18.16 per cent.

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