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UltraTech’s show, bright outlook cement confidence in the sector

UltraTech’s show, bright outlook cement confidence in the sector
UltraTech’s show, bright outlook cement confidence in the sector
The cement manufacturer (116.7 MT) will expand its capacity by 19.5 MT in the next few quarters.

Synopsis

Analysts were quick to latch on this as they saw a clear correlation between the management’s statements and the falling unsold inventory of cement overall.

ET Intelligence Group: India’s largest cement manufacturer, UltraTech Cement, exceeded the expectations of investors and analysts in the third quarter and three statements in its post-results earnings call have given them the confidence that the demand momentum, and hence pricing, in the sector are likely to sustain over the next few quarters.Cement firms were expected to do well in the December quarter, but two factors were likely to materially
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