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    Buy UltraTech Cement, target price Rs 6650: Motilal Oswal

    Synopsis

    UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184591.96 Crore) operating in Cement sector.

    ETRealty
    Promoters held 60 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.9 per cent, DIIs 14.2 per cent and public and others 9 per cent.

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    Motilal Oswal has buy call on UltraTech Cement with a target price of Rs 6650. The current market price of is Rs 6418.35.

    UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 184591.96 Crore) operating in Cement sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 12522.03 Crore, up 19.38 % from last quarter Total Income of Rs 10489.10 Crore and up 19.01 % from last year same quarter Total Income of Rs 10521.95 Crore. Company reported net profit after tax of Rs 1584.60 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 60 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.9 per cent, DIIs 14.2 per cent and public and others 9 per cent.
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