Buy UltraTech Cement, target price Rs 11110: Axis Securities

Axis Securities has buy call on UltraTech Cement with a target price of Rs 11110. The current market price of UltraTech Cement Ltd. is Rs 9938.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 286267.48 Crore) operating in Cement sector.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 16880.45 Crore, up 4.33 % from last quarter Total Income of Rs 16179.26 Crore and up 7.88 % from last year same quarter Total Income of Rs 15647.52 Crore. Company reported net profit after tax of Rs 1769.02 Crore in latest quarter.