UltraTech may miss earnings estimates

UltraTech Cement Ltd may lag January-March earnings consensus forecast, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, shows UltraTech would report a net income of Rs 745 crore for the quarter compared with mean consensus estimate of Rs 772 crore.

Shares in UltraTech are down 1.9 per cent at 12:10 p.m. ahead of its earnings results later in the day.

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