Last Updated:
Stock Tips- UltraTech Cement’s consolidated net profit in the third quarter of the financial year 2024-25 stood at Rs 1,469.5 crore. The company’s profit increased by 79.2% on quarterly basis. During the same period, the company’s revenue increased by 2.7% to Rs 17,193…read more
Most of the brokerage firms are positive about UltraTech Cement.
New Delhi. After the December quarter results of the country’s leading cement company UltraTech Cement, brokerages are bullish on this cement giant’s stock and have advised to buy it. Brokerage firms believe that UltraTech Cement can give up to 21 percent returns to investors in the long term. Today i.e. on Monday, the shares of UltraTech Cement have fallen by 1.06 percent and closed at Rs 11,300. This stock has been trading almost flat for some time now. UltraTech shares have given 13 percent return in one year. The stock price has increased by 7.40 percent in the last five trading sessions. Its 52 week highest level has been Rs 12,143 and lowest level has been Rs 9,250.
UltraTech Cement’s consolidated net profit in the third quarter of financial year 2024-25 declined by 17.3% to Rs 1,469.5 crore. However, the company’s profit increased by 79.2% on quarterly basis. During the same period, the company’s revenue increased by 2.7% to Rs 17,193.33 crore. Consolidated net sales of the company increased from Rs 16,487 crore to Rs 16,971 crore. However, profit before interest, depreciation and tax (PBIDT) stood at Rs 3,131 crore as against Rs 3,395 crore in the same period last year.
Also read- This will share the wealth of Adani Group! Why does the brokerage expect a huge rise? Know
Brokerage gave its opinion to buy Ultratech shares
Most of the brokerage firms are positive about UltraTech Cement. Centrum Broking has given ‘buy’ rating on UltraTech Cement and fixed its target price at Rs 13,279. In this way, the brokerage expects an increase of 16% in the price of this share from the current price. According to the brokerage, the company completed the acquisition of India Cements on December 24, 2024 and aims to increase its production capacity to 20.93 crore metric tonnes by FY 2027.
Choice Broking has also advised investors to buy UltraTech shares. The brokerage has kept its target price at Rs 13,246. The brokerage said that the company management is optimistic about the increase in demand and volume of cement. Nuvama has given ‘Hold’ rating to UltraTech share and increased its target price to Rs 11,574. The brokerage says that better demand and improvement in prices can improve the financial performance of the company.
Antique Broking has given a target price of Rs 12,800 on UltraTech Cement. According to the brokerage, due to improvement in costs and recovery in prices, this stock can give returns of 12% in the long term. Motilal Oswal has also given ‘BUY’ rating on UltraTech and fixed its target price at Rs 13,800. This is 21% more than the current price of the share.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. News18 is not responsible for any profit or loss of yours. will be.)
New Delhi,New Delhi,Delhi
January 24, 2025, 16:47 IST
Now this giant of cement sector will run on shares, brokerage said – there is a chance, buy it.