BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
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.