Buy UltraTech Cement, target price Rs 12,320: Geojit Financial Services
buy call on UltraTech Cement with a target price of Rs 12,320. The current market price of UltraTech Cement is Rs 11126.9. UltraTech Cement, incorporated in 2000, is a Large Cap company with a market cap of Rs 319214.07 crore, operating in Cement sector.
UltraTech Cement's key products/revenue segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 15855.46 crore, down -13.05% from last quarter Total Income of Rs 18235.30 crore and down -2.00% from last year same quarter Total Income of Rs 16179.26 crore. The company has reported net profit after tax of Rs 826.62 crore in latest quarter.
Investment Rationale
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