The Economic Times daily newspaper is available online now.

    Buy UltraTech Cement, target price Rs 9000: Anand Rathi

    Synopsis

    UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 214605.10 Crore) operating in Cement sector.

    UltraTech CementETRealty
    Promoters held 59.96 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.74 per cent, DIIs 15.15 per cent.
    Anand Rathi has buy call on UltraTech Cement with a target price of Rs 9000. The current market price of UltraTech Cement is Rs 7530. Time period given by analyst is one year when UltraTech Cement Ltd. price can reach defined target.

    UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 214605.10 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-2021.


    Financials
    For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 13055.43 Crore, up 7.39 % from last quarter Total Income of Rs 12156.83 Crore and up 4.26 % from last year same quarter Total Income of Rs 12522.03 Crore. Company has reported net profit after tax of Rs 1709.38 Crore in latest quarter.

    Investment Rationale
    The brokerage continues to remain positive on the company on back of its strong business model, high operating margins, improving balance sheet, growing retail market share, brand transition, optimization of acquired business and capacity expansion. It maintains BUY rating on the stock with a target price of ₹9000 per share.

    Promoter/FII Holdings
    Promoters held 59.96 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.74 per cent, DIIs 15.15 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in