Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo


Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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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
  • bselive
  • nselive
Todays L/H

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 are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jan 6, 2021 03:13 pm

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