BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Motilal Oswal maintains buy on UltraTech Cement
Motilal Oswal has maintained buy on UltraTech Cement for target price of Rs 4,936. It says JP Associate's acquisition is likely to result in PBT dilution of 19% in FY18 and 8% in FY19; we expect the acquired assets to break even in 1HFY20.While the earnings dilution is transitory, the asset creation is permanent and would add to UltraTech Cement's long-term competitive advantage.