Profit

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

NSE
3981.00
Change Change %
-50.95 -1.26%

Updated:20 Nov, 2018, 15:09 PM IST

BSE
3980.85
Change Change %
-52.75 -1.31%

Updated:20 Nov, 2018, 15:15 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
18-10-2016 Sell 4015.25 3532.00
N/A
Target Hit Long (1Y)
18-10-2017

Nirmal Bang downgrades UltraTech Cement to sell

Nirmal Bang has downgraded UltraTech Cement to "sell" from "accumulate" earlier with a target price of Rs 3,532. We believe the risk-return trade-off is completely tilted in favour of risk at the moment. The stock trades at a historically high valuation, especially at a point when the earnings trajectory is likely to hit a bump on account of uncertainty over the large 21.2mnmt acquisition of assets of Jaiprakash Associates. We believe the market is not completely factoring in the possibility of a substantial correction in the profitability matrices like EBITDA/mt and RoCE post completion of JAL assets acquisition.

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