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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.

ETMarkets.com|
Updated: Aug 22, 2019, 08.53 AM IST
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Sell-15
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.

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