Buy UltraTech Cement, target price Rs 8000: ICICI Securities

ICICI Securities has buy call on UltraTech Cement with a target price of Rs 8000. The current market price of UltraTech Cement is Rs 6970. Time period given by analyst is one year when UltraTech Cement price can reach defined target.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 200272.06 Crore) operating in Cement sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 14465.94 Crore, up 15.52 % from last quarter Total Income of Rs 12522.03 Crore and up 32.19 % from last year same quarter Total Income of Rs 10943.55 Crore. Company reported net profit after tax of Rs 1771.86 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60 per cent stake in the company as of March 31, 2021, while FIIs held 17.4 per cent, DIIs 13.8 per cent and public and others 8.9 per cent.