UltraTech Cement Limited is the largest manufacturer of grey cement, ready-mix concrete (RMC), and white cement in India. It is also one of the leading cement producers globally.
UltraTech is a part of the Aditya Birla Group, one of India’s largest conglomerates. The company has a strong presence in India with a large network of manufacturing plants and terminals. It also has a presence in the Middle East and South Asia.
UltraTech Cement is a leading supplier of cement to the Indian construction industry. The company’s products are used in a wide range of applications, including residential and commercial construction, infrastructure projects, and industrial applications.
Here are some of the key facts about UltraTech Cement:
- Largest cement manufacturer in India
- Part of the Aditya Birla Group
- Strong presence in India, Middle East, and South Asia
- Wide range of cement products
- Supplier to the Indian construction industry
UltraTech Cement is a well-established company with a strong track record. The company is a leader in the Indian cement industry and is well-positioned to benefit from the continued growth of the Indian economy.
UltraTech Cement Company: Current Scenario and Predictions
Current Scenario (as of April 28, 2024)
- Trading Price: ₹9,700.05 (as of April 26, 2024) [Source: Value Research]
- Market Cap: ₹2,80,042.17 Cr [Source: Value Research]
- 52 Week Range: ₹7,300 – ₹10,526 [Source: FInology]
Recent Performance:
- Stock is slightly up (0.18%) for the day.
- However, profit and revenue growth have been weak over the past 3 years.
- The company recently reported weak margins due to rising costs of power, fuel, and freight.
Analyst Opinions:
- Bernstein SocGen Group: Maintains “market perform” rating with a target price of ₹8,900 [Source: Investing.com]
- Investec: Maintains “hold” rating with a target price of ₹10,790 [Source: Investing.com]
- ICICIdirect: Has a target price of ₹8,000, significantly lower than the current price [Source: ICICIdirect]
Predictions:
- Analyst opinions are mixed, with some expecting a decline and others expecting moderate growth.
- ICICIdirect’s target price suggests a significant downside potential.
- Future performance will depend on factors like:
- Demand for cement in the Indian market
- Cost pressures on power, fuel, and freight
- The company’s ability to improve margins
Overall, the outlook for UltraTech Cement is uncertain in the near term. The company faces headwinds from rising costs, but the long-term prospects for the Indian cement industry remain positive.
Here are some additional resources you may find helpful:
- UltraTech Cement Ltd. Share Price – Value Research: https://www.valueresearchonline.com/stocks/44964/ultratech-cement-ltd/
- UltraTech Cement Ltd share price | About UltraTech Cem. | Key Insights – Screener: https://www.screener.in/company/ULTRACEMCO/consolidated/
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
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