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Buy UltraTech Cement, target Rs 4020: Jay Thakkar

Buy UltraTech Cement Ltd. at a price target of Rs 4020.0 and a stoploss at Rs 3880 from entry point.

ETMarkets.com|
Updated: Jul 09, 2018, 09.26 AM IST
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Jay Thakkar of Anand Rathi has a buy call on UltraTech Cement Ltd. with a target price of Rs 4020.0 . The current market price of UltraTech Cement Ltd. is Rs 3951.2 Time period given by the analyst is Intra Day when UltraTech Cement Ltd. price can reach defined target. Jay Thakkar recommended to keep stoploss at Rs 3880.

UltraTech Cement Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 108505.48 crore. UltraTech Cement Ltd. key Products/Revenue Segments include Cement which contributed Rs 26363.81 Crore to Sales Value (97.05 % of Total Sales), Traded Goods which contributed Rs 477.28 Crore to Sales Value (1.75 % of Total Sales), Other Operating Revenue which contributed Rs 222.46 Crore to Sales Value (0.81 % of Total Sales), Scrap which contributed Rs 52.91 Crore to Sales Value (0.19 % of Total Sales), Sale of services which contributed Rs 45.64 Crore to Sales Value (0.16 % of Total Sales), Lease Rentals which contributed Rs .32 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 9420.76 Crore, up 17.48 % from last quarter Sales of Rs 8019.24 Crore and up 34.20 % from last year same quarter Sales of Rs 7019.81 Crore Company has reported net profit after tax of Rs 446.13 Crore in latest quarter.

The company’s top management includes Mr.Arun Adhikari, Mr.Atul Daga, Mr.D D Rathi, Mr.G M Dave, Mr.K K Maheshwari, Mr.Kumar Mangalam Birla, Mr.O P Puranmalka, Mr.S B Mathur, Mrs.Alka Bharucha, Mrs.Rajashree Birla, Mrs.Renuka Ramnath, Mrs.Sukanya Kripalu. Company has Khimji Kunverji & Co. as its auditoRs As on 31-03-2018, the company has a total of 274,613,985 shares outstanding.

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