Now this veteran shares of cement sector will run, brokerage said-buy, buy

Last update:January 24, 2025, 16:47

Stock Tips- UltraTech Cement was Rs 1,469.5 crore in the third quarter of FY 2024-25. The company’s profit increased by 79.2% on a quarterly basis. During the same period, the company’s revenue rose 2.7% to 17,193 …Read more

Most brokerage firm is positive about Altratech cement.

New Delhi. After the results of the December quarter of the country’s major cement company UltraTech Cement, the brokerage is bullish on this veteran cement share and advised to buy it. Brokerage firms believe that UltraTech cement can give up to 21 per cent of the return to investors. Today i.e. on Monday, Altratech Cement stock fell 1.06 per cent to close at Rs 11,300. For some time, this stock has been doing almost flat business. UltraTech stock has given 13 percent return in a year. In the last five trading sessions, the price of the stock has increased by 7.40 percent. Its 52 -week highest level was Rs 12,143 and the minimum level of Rs 9,250 was Rs 9,250.

UltraTech Cement’s focus declined by 17.3% to Rs 1,469.5 crore in the third quarter of FY 2024-25. However, the company’s profit up 79.2% on a quarterly basis. During the same period, the company’s revenue increased by 2.7% to Rs 17,193.33 crore. The company’s consolidated net sales increased from Rs 16,487 crore to Rs 16,971 crore. However, the benefit of interest, depreciation and earlier tax was Rs 3,131 crore, which was Rs 3,395 crore in the same period last year.

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Brokerage gave opinion to buy Altratech shares
Most brokerage firm is positive about Altratech cement. Centrum Broking has fixed its target price of Rs 13,279, giving ‘bye’ rating on UltraTech cement. In this way, the price of this stock is expected to increase by 16% from the current price. According to brokerage, the company has completed the acquisition of India Cements on December 24, 2024 and has targeted to increase its production capacity by 20.93 crore metric tonnes by FY 2027.

Choice Broking has also advised investors to buy UltraTech shares. Brokerage has kept its target price of Rs 13,246. Brokerage said that the company management is optimistic about the demand for cement and increase in volume. Nuwama has given the ‘Hold’ rating to Altratech stock and has increased its target price by Rs 11,574. Brokerage says that better demand and improvement in prices may improve the company’s financial performance.

Antique broking has given a target price of Rs 12,800 on UltraTech cement. According to brokerage, this stock can give 12% return in the long term due to improvement in cost and recovery in prices. Motilal Oswal has also fixed its target price of Rs 13,800, giving ‘BUY’ rating on UltraTech. This is 21% more than the current price of the stock.

(Disclaimer: Stocks reported here are based on the advice of brokerage houses. If you want to invest money in any of these, first consult the Certified Investment Advisor. will be.)