TNNKotak Securities has buy call on UltraTech Cement Ltd. with a target price of Rs 7130. The current market price of . is Rs 6918.3. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 199750.12 Crore) operating in Cement sector.
UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 15272.70 Crore, down -3.70 % from last quarter Total Income of Rs 15859.67 Crore and up 26.91 % from last year same quarter Total Income of Rs 12034.71 Crore. Company reported net profit after tax of Rs 1581.24 Crore in latest quarter.
Investment Rationale
Breakout from the Ascending Triangle chart pattern specifies a new leg of upside from the current levels
Promoter/FII Holdings
Promoters held 59.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.12 per cent, DIIs 18.16 per cent.
UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 15272.70 Crore, down -3.70 % from last quarter Total Income of Rs 15859.67 Crore and up 26.91 % from last year same quarter Total Income of Rs 12034.71 Crore. Company reported net profit after tax of Rs 1581.24 Crore in latest quarter.
Investment Rationale
Breakout from the Ascending Triangle chart pattern specifies a new leg of upside from the current levels
Promoter/FII Holdings
Promoters held 59.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.12 per cent, DIIs 18.16 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Experience Your Economic Times Newspaper, The Digital Way!
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by