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Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy UltraTech Cement, target Rs 4,548.50: ICICI Direct

Buy UltraTech Cement at a price target of Rs 4,548.50 and a stop loss at Rs 4,419 from the entry point.

ETMarkets.com|
Nov 13, 2017, 09.54 AM IST
0Comments
ICICI Direct has a buy call on UltraTech Cement with a target price of Rs 4,548.50.

The current market price of UltraTech Cement is Rs 4,469.15.

Time period given by the analyst is intraday when UltraTech Cement price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 4,419.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 1,22,048.12 Crore) operating in Cement sector.

UltraTech Cement key Products/Revenue Segments include Cement which contributed Rs 26,363.81 Crore to Sales Value (97.05 per cent of Total Sales), Traded Goods which contributed Rs 477.28 Crore to Sales Value (1.75 per cent of Total Sales), Other Operating Revenue which contributed Rs 222.46 Crore to Sales Value (0.81 per cent of Total Sales), Scrap which contributed Rs 52.91 Crore to Sales Value (0.19 per cent of Total Sales), Sale of services which contributed Rs 45.64 Crore to Sales Value (0.16 per cent of Total Sales), Lease Rentals which contributed Rs 0.32 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.

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 30-09-2017, the company has a total of 274,533,795 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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