Buy UltraTech Cement, target price Rs 13300: Motilal Oswal

Motilal Oswal has buy call on UltraTech Cement with a target price of Rs 13300. The current market price of UltraTech Cement is Rs 11634.15.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 333394.52 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 31-03-2024, the company reported a Consolidated Total Income of Rs 20554.55 Crore, up 21.77 % from last quarter Total Income of Rs 16880.45 Crore and up 9.43 % from last year same quarter Total Income of Rs 18783.89 Crore. Company reported net profit after tax of Rs 2249.52 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.95 per cent stake in the company as of 31-Mar-2024, while FIIs owned 17.74 per cent, DIIs 14.05 per cent.