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Buy UltraTech Cement, target Rs 4,230: Chandan Taparia

Buy UltraTech Cement Ltd. at a price target of Rs 4230.0 and a stoploss at Rs 3930 from entry point.

ETMarkets.com|
Updated: Sep 16, 2019, 08.20 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on UltraTech Cement Ltd. with a target price of Rs 4230. The current market price of UltraTech Cement Ltd. is Rs 4032.9. Time period given by the analyst is Intra Day when UltraTech Cement Ltd. price can reach the defined target. Chandan Taparia recommended to keep stoploss at Rs 3930. UltraTech Cement Ltd., incorporated in 2000, has a market cap of Rs 110763.80 crore.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement which contributed Rs 35103.39 Crore to Sales Value (98.31 % of Total Sales), Other Operating Revenue which contributed Rs 530.20 Crore to Sales Value (1.48 % of Total Sales), Scrap which contributed Rs 68.52 Crore to Sales Value (0.19 % of Total Sales), Sale of services which contributed Rs 1.37 Crore to Sales Value (0.00 % of Total Sales), Lease Rentals which contributed Rs .02 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 10177.63 Crore, down -6.67 % from last quarter Sales of Rs 10905.15 Crore and up 14.35 % from last year same quarter Sales of Rs 8900.18 Crore Company has reported net profit after tax of Rs 1207.68 Crore in latest quarter. The company’s top management includes Mr.Arun Adhikari, Mr.Atul Daga, Mr.K C Jhanwar, Mr.K K Maheshwari, Mr.Kumar Mangalam Birla, 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 30-06-2019, the company has a total of 274,649,850 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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