Buy UltraTech Cement: target of Rs 6000: Sharekhan
Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 6000 in its research report dated January 05, 2021.
January 14, 2021 / 08:54 PM IST
Sharekhan's research report on UltraTech Cement
In Q3FY2021, we expect UltraTech to report 10% y-o-y volume growth outperforming industry growth. Higher cement prices y-o-y to further aid revenue growth. Impact of rise in pet coke and diesel prices to be limited through operational efficiencies maintaining healthy operational profitability during Q3FY2021. The company’s 19.5MTPA expansion plan at a cost of Rs. 6,527 crore (without affecting de-leveraging plan) to ensure industry outperformance over the next four to five years.
We maintain Buy on UltraTech Cement (UltraTech) with a revised PT of Rs. 6,000.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.