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Now this giant of the cement sector will go on shares, Brookridge said – there is an opportunity, buy.

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Stock Tips- The total net profit of ultra-tech cement was Rs 1,469.5 crore in the third quarter of FY 2024-25. The company’s profits increased by 79.2 % on a quarterly basis. During the same period, the company’s income increased by 2.7 % to Rs 17,193.Read more

Now this giant of the cement sector will go on shares, Brookridge said - there is an opportunity, buy.

Most brokerage firms are positive about ultra -tech cement.

New Delhi. After the country’s leading cement company Ultra Tech Cement’s December quarter results, brokerage are rapidly on stock of the cement company and have suggested to buy it. Brokerage firms believe that ultra -tech cement can give investors up to 21 % profit in the long run. Today, on Monday, shares of ultra -tech cement fell 1.06 percent to Rs 11,300. This stock has been trading almost for some time. Ultra Tech shares have made 13 % profit in a year. In the last five trade sessions, stock prices have increased by 7.40 %. Its 52 weeks’ highest level is Rs 12,143 and the lowest level is Rs 9,250.

In the third quarter of the financial year 2024-25, the total net profit of ultra-tech cement fell 17.3 percent to Rs 1,469.5 crore. However, on a quarterly basis, the company’s profits increased by 79.2 %. During the same period, the company’s income increased by 2.7 percent to Rs 17,193.33 crore. The company’s total net sales increased from Rs 16,487 crore to Rs 16,971 crore. However, before interest, deprivation and tax profit (PBIDT) was Rs 3,131 crore, which was Rs 3,395 crore in the same period last year.

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Brokerage gave his opinion to buy shares of ultraviolet.
Most brokerage firms are positive about ultra -tech cement. Central Brooking has given ‘by’ rating on ultra -tech cement and has set a target price of Rs 13,279. In this way, brokerage is expected to increase the current price of this share by 16%. According to Brokerage, the company completed the acquisition of India Cement on December 24, 2024, and aims to increase its production capacity by 20.93 million tonnes by 2027.

Choice Brooking has also advised investors to buy shares of Ultra Tech. Brokeridge has set its target price of Rs 13,246. The company is hopeful about the demand for cement and increasing volume, Brokege said. Nuvama has given ‘hold’ rating to ultra -tech shares and raised its target price to Rs 11,574. Better demand and improvement in prices can improve the company’s financial performance, Brokege says.

Antique Broking has given a target of Rs 12,800 on ultra -tech cement. According to Brokerage, the stock can make a profit of 12 % in the long run due to cost improvement and recovery in prices. Moti Lal Oswal has also ranked ‘BUY’ on Ultra Tech and has set a target price of Rs 13,800. This shares are 21% higher than the current price.

(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you want to spend money in any of them, consult a certified investment adviser first. News 18 of any of your profit or loss. Will not be responsible.

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Now this giant of the cement sector will go on shares, Brookridge said – there is an opportunity, buy.

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