Buy Call on Ultratech Cement – Target Price Rs. 6130 / –
Axis Securities has given a buy call to Ultratech Cement with a target price of Rs. 6130 / -. The current market price is Rs. 5742.85 / -. The price is expected to reach 4 weeks.
The company was established in the year 2000 and is a large cap company. Market capitalization is Rs. 165679.75 crore. The company is operating in the cement sector.
The company’s product and revenue segment includes Portland – Poslanna Cement, Services, Other Operating Revenue, Lease, Rent.
For the quarter ended March 2022, the company’s total revenue grew by 21.48% to Rs. 15859.67 crore. At the end of December, the company’s total revenue stood at Rs. 13055.43 crore.
Net profit for the quarter ended March was Rs. 2613.38 crore. The promoter has 59.96%, FII – 14.03%, DII – 16.38% shareholders in this company.
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