Buy UltraTech Cement, target price Rs 8500: Emkay Global

Emkay Global has buy call on UltraTech Cement with a target price of Rs 8500. The current market price of UltraTech Cement is Rs 8015.

Time period given by analyst is one year when UltraTech Cement Ltd. price can reach defined target.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 229555.34 Crore) operating in Cement sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 12034.71 Crore, down -16.81 % from last quarter Total Income of Rs 14465.94 Crore and up 52.10 % from last year same quarter Total Income of Rs 7912.58 Crore. Company has reported net profit after tax of Rs 1699.54 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60 per cent stake in the company as of June 30, 2021, while FIIs held 16.6 per cent, DIIs 14.4 per cent and public and other 9.1 per cent.