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Buy UltraTech Cement, target Rs 4,600: Kunal Bothra

Buy UltraTech Cement Ltd. at a price target of Rs 4,600 and a stoploss at Rs 4450 from entry point.

ETMarkets.com|
Updated: May 20, 2019, 09.09 AM IST
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Independent analyst Kunal Bothra has a buy call on UltraTech Cement Ltd. with a target price of Rs 4,600. The current market price of UltraTech Cement Ltd. is Rs 4491.9. Time period given by the analyst is Intra Day when UltraTech Cement Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 4450. UltraTech Cement Ltd., incorporated in 2000, has a market cap of Rs 123368.25 crore.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement which contributed Rs 30240.12 Crore to Sales Value (98.55 % of Total Sales), Other Operating Revenue which contributed Rs 369.86 Crore to Sales Value (1.20 % of Total Sales), Scrap which contributed Rs 57.61 Crore to Sales Value (0.18 % of Total Sales), Sale of services which contributed Rs 16.28 Crore to Sales Value (0.05 % of Total Sales), Lease Rentals which contributed Rs .06 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 10905.15 Crore, up 16.14 % from last quarter Sales of Rs 9389.62 Crore and up 15.76 % from last year same quarter Sales of Rs 9420.76 Crore Company has reported net profit after tax of Rs 1034.03 Crore in latest quarter. The company’s top management includes Mr.Arun Adhikari, Mr.Atul Daga, Mr.G M Dave, Mr.K K Maheshwari, Mr.Kailash Chandra Jhanwar, 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 31-03-2019, the company has a total of 274,642,720 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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