Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
3944.40
Change Change %
31.45 0.80%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
3936.50
Change Change %
28.75 0.74%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
20-10-2015 Buy 2904.30 3300.00
N/A
Target Hit Custom
20-10-2016

Religare maintains buy on UltraTech Cement

Q2 net profit of Rs 390 crore came in marginally below estimate even though EBITDA/tonne was a tad higher on a 3.5 per cent sequential increase in realisations. Volume and realisation growth are likely to edge lower, but UltraTech would continue to outperform its large-cap peers in view of its expanded capacities and cost control initiatives. Target price cut to Rs 3,300 from Rs 3,500 earlier.

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