The company produced 23.10 MT cement in July-September period a year ago, the Aditya Birla Group firm said in a sales volume data filed on bourses.

UltraTech Cement Q2 sales up 15% to 26.69 MT

On Sept. 18, Sensex & Nifty ended lower after 11-day rally due to weak global markets & caution ahead of Fed’s rate decision. HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Tata Steel, Wipro, Kotak Mahindra Bank, Reliance Industries, Tech Mahindra & JSW Steel were major laggards. Asian markets…

Sensex, Nifty fall after record-breaking rally; investors await Fed rate decision

Mumbai equity indices fall in initial trade; BSE Sensex down 187 points, Nifty 55 points. Major laggards: M&M, Bajaj Fin, Nestle, UltraTech, JSW Steel, HUL, Infosys, Power Grid. Maruti, SBI, L&T, Airtel gainers. Global markets, Brent crude down.

Sensex, Nifty tumble on weak global cues, foreign fund outflows

Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 9500 in its research report dated August 30, 2023.

Buy UltraTech Cement; target of Rs 9500: Sharekhan

Equity mkt indices rally for 4th day; Tech Mahindra, L&T, Power Grid, ICICI Bank, IndusInd Bank, Infosys, JSW Steel, Wipro, Titan, UltraTech Cement gain; Jio Financial Services lags. Asian mkt up; US mkt ends with gains. FIIs buy equities worth Rs 614.32 cr. Positive global trends, fresh FII inflows…

Sensex, Nifty extend gains on firm global cues, foreign fund inflows

Mumbai bourses open on a high but pare gains; Sensex down 76.55 pts. Nifty at 19,376.35. Tata Steel, Axis Bank, JSW Steel, Infosys, TCS, RIL, UltraTech Cement & NTPC gainers; Jio Financial Services, Bharti Airtel, ITC, Kotak Mahindra Bank, IndusInd Bank & M&M laggards. Tokyo & Hong Kong up, Seoul & …

Markets pare early gains; trade lower amid continuous foreign fund outflows

Mumbai Benchmark equity indices opened muted, falling further in line with global markets. Major laggards included ITC, ICICI Bank, Power Grid, UltraTech Cement, Nestle, Larsen & Toubro, Tech Mahindra and Tata Motors. Asian markets traded lower, while U.S. markets ended in the negative.

Markets trade lower on weak global trends

UltraTech Cement, Apollo Hospitals, NTPC, Infosys and Tata Motors were among the top Nifty gainers, while losers included Tata Steel, Adani Ports, Hindalco Industries, HDFC Life and Bharti Airtel

Taking Stock: Last-hour buying to rescue again; Sensex up 138 points, Nifty above 19,450

UltraTech Cement, an Aditya Birla Group company, has set a target to achieve set up 200 million tonne per annum production capacity

Birla sets 200 mtpa target for UltraTech

“Your Company is now targeting an ambitious goal of achieving a production capacity of 200 million tonnes. This will further reinforce our position as one of the largest cement companies in the world,” said Birla while addressing shareholders on the 23rd AGM of UltraTech Cement.

UltraTech targets 200 MTPA cement capacity, aims to be among largest cement makers globally: Chairman K M Birla

Grasim Industries’ Q1 net profit down 7%, launches B2B e-commerce platform Birla Pivot. Revenue up 11%, capex of ₹5,791 cr, VSF sales volume down, chemical business revenue & EBITDA down, UltraTech Cement revenue & EBITDA up, Aditya Birla Capital revenue & net profit up.

Grasim net profit down 7 per cent on lower realisation

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

UltraTech Cement Limited is engaged in the business of cement and cement-related products.