Buy UltraTech Cement, target price Rs 13000: Motilal Oswal

Motilal Oswal has buy call on UltraTech Cement with a target price of Rs 13000. The current market price of UltraTech Cement Ltd. is Rs 11786.9.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 339955.53 Crore) operating in Cement sector.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 18235.30 Crore, down -11.28 % from last quarter Total Income of Rs 20554.55 Crore and up 1.81 % from last year same quarter Total Income of Rs 17910.83 Crore. Company reported net profit after tax of Rs 1692.33 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.99 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.15 per cent, DIIs 13.79 per cent.