Buy UltraTech Cement with a target of Rs 4500: Right Horizons

Right Horizons has Buy call on UltraTech Cement Ltd. with a target price of Rs 4500 . The current market price of UltraTech Cement Ltd. is Rs 3589.15 . Time period given by analyst is year when UltraTech Cement Ltd. price can reach defined target. It is the initial stage of the volume pick up for the cement sector due to improving order flow in construction & infra space on the back of initiative taken by the government. Though, company's balance sheet is strong; however, the cheaper credit would provide enough room for CAPEX and inorganic expansion.