Cement News

UltraTech Cement stocks: Buy UltraTech Cement, target price Rs 7130: Kotak Securities


Kotak Securities has buy call on UltraTech Cement Ltd. with a target price of Rs 7130. The current market price of . is Rs 6918.3. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 199750.12 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.


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.

Investment Rationale
Breakout from the Ascending Triangle chart pattern specifies a new leg of upside from the current levels


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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