Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell UltraTech Cement, target Rs 3,802: Jay Thakkar

Sell UltraTech Cement Ltd. at a price target of Rs 3802.0 and a stoploss at Rs 3968 from entry point.|
Updated: Aug 22, 2019, 08.53 AM IST
Jay Thakkar of Anand Rathi has a sell call on UltraTech Cement Ltd. with a target price of Rs 3802. The current market price of UltraTech Cement Ltd. is Rs 3923.75. Time period given by the analyst is Intra Day when UltraTech Cement Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 3968.

UltraTech Cement Ltd., incorporated in 2000, has a market cap of Rs 107765.86 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 12.82 % from last year same quarter Sales of Rs 9021.41 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.

Also Read

Buy ICICI Lombard, price target Rs 1,420: Jay Thakkar

Buy Lupin, price target Rs 835: Jay Thakkar

Buy PVR, price target Rs 1,870: Jay Thakkar

Anand Rathi’s Jay Thakkar is gung ho on these 2 trading picks

Buy Max Financial Services, price target Rs 530: Jay Thakkar

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service