Ultratechcement Share Price Target The daily analysis of ULTRACEMCO’s price action based on short-term time frames is sharply negative. This is not a strong downtrend, especially if the chosen time frame is short. Ultratech Cement’s weekly price action analysis based on short to medium term time frames is negative, but the trend is very volatile. Analyzing price behavior over a longer period can give a better idea of the effectiveness of this promotion.
Ultratechcement Share Price Target
Weekly analysis of Ultratech Cement’s price action based on near-term time frames is negative, but sellers have recently been active on the stock. Forecasts and target values for Ultratech Cement ULTRACEMCO shares for the day: 7234.88, 7267.4, 7202.35 down and 7393.73, 7426.25, 7520.05 up.
The above target values for the stock price are based on the movements and chart levels at which the stock has shown significant price action. This target, forecast or equity forecast should be used for reference and educational purposes only.
The data is provided for informational purposes only and is not intended for commercial purposes. Therefore, Fusion Media is not responsible for any business damages that you may incur as a result of your use of this data. The investment advice offered comes solely from the personal point of view of the research team.
Visit Edelweiss for NSE / BSE UltraTech Cement Ltd stock prices, analytics, research reports, news and other important statistics. Emkay Global has repurchased UltraTech Cement with a target price of Rs 8,500. Sharekhan is optimistic about UltraTech Cement, in his research report dated July 22, 2021, he recommended buying the stock with a target price of Rs 8,800.
Ultratechcement Share Price Target 2022 , 2023 , 2024 , 2025
In this regard, the CLSA rating outperforms UltraTech with the aim of increasing to Rs 8,000 per share. Over the past 3 years, earnings per share have increased on average 37% per year, but the company’s share price has only increased by 30% per year, which means that it lags far behind earnings growth.
The company reported strong second-quarter results with improved earnings, revenue and profitability. On Thursday, the cement giant more than doubled its consolidated profit of Rs 1,700.03 in the aforementioned quarter ended June 2021-2022 fiscal year, up from Rs 793.08 in the corresponding quarter last year.
UltraTech continued to delight in manufacturing activity in the first quarter of 2020 thanks to robust volume growth seen despite the impact of COVID-19 in the first quarter of 2020, higher cement prices and lower operating costs.
Operating expenses per tonne were largely unchanged qoq, but EBITDA / t rose 13% qoq to INR 1,571 due to higher prices. Strong volume growth and stable prices on an annual basis offset the impact of increased production costs. The cost of raw materials as a% of total sales (excluding inventory adjustments) increased from 11.32% to 12.74%.
While we expect industry output to decline 25-30% in the near future due to COVID-related blockages, this should be partially offset by improved profitability at high prices. We’re raising our multiple target up to 35x (up 33x earlier) with improved growth prospects and sustained profit margins.
Ultratech Cement Ltd looks pretty promising As government and government spending increases, the outlook and valuation looks attractive for the company, Ultratech Cement shares represent an impressive buy at the current market price of Rs 3,200 with a target price of Rs 3 to 4 for Rs 3,800. months of the time horizon.
Rajiv Kapoor is a stock broker, certified mutual fund expert and insurance agent for MDRT. Check your Ultratech Cement stock price target daily for daily stock price prediction and Ultratech Cement tomorrow for short term trading and long term investing.
These forecasts are based on some of the most widely used technical and fundamental indicators; therefore, they are expected to make accurate predictions. NSE and Nifty quotes are also available in real time and licensed by the National Stock Exchange.
The change cost during the period between the settlement of open protests and the start of subsequent trading days is calculated as the difference between the last transaction and settlement on the previous days. The change cost in other periods is calculated as the difference between the last transaction and the last settlement.
This indicator can help traders predict stock prices and trade accordingly. The Aroon indicator is a technical indicator used to identify changes in asset price trends and the strength of the trend.
Get real-time UltraTech Cement Ltd stock price, market data, market depth, charts, news, fundamentals, derivatives, market cap and results, and other company details. UltraTech will acquire Centurys’ cement business through a share swap agreement.
To read the rest of this article, first sign in using SSO for the CW. UltraTech is the largest cement producer in India with a national production capacity of 111.4 million tonnes and a dominant market position in most regions.
Over the previous three years, it has increased its capacity by about 30 tons through organic and inorganic methods. He has demonstrated his ability to successfully integrate acquired assets and increase their utilization cost-effectively.
UTCEM increased its market share in AF21 as it saw a 6% year-on-year increase in cement sales compared to industry sales that were down 12% year-on-year for AF21. In terms of pricing, UTCEM raised prices by Rs 10-15 per pack on October 21 to offset the price increase.
In addition, with an infusion of Rs 3,400, the company has completed the acquisition of UltraTech Nathdwara Cement Ltd and w.e.f.
On July 26, 2016, UltraTech Cement announced that the company had participated in an auction for coal bridges for the cement sector and received 95,000 tonnes of coal at a premium of Rs 80 per tonne compared to a base price of Rs 970 per tonne from Junadhi Mines in Chhattisgarh.
On August 2, 2016, UltraTech Cement announced that it had participated in a coal-bonded auction for the inland power plant subsector and received 1.29 million tonnes of coal at a premium of Rs 100 per tonne above the price.
Minimum Rs 970 per tonne from Gevra Road mines in Maharashtra and 138,200 tonnes of coal with a Rs 125 per ton surcharge, up from a minimum price of Rs 970 per tonne at the New Kusmunda (NKCR) mines in Chhattisgarh.
On May 9, 2016, UltraTech Cement announced that its board of directors had approved a proposal to increase the investment limit for registered foreign securities investors from the current 24% of paid-in share capital to 30% of paid-in share capital. society.
In the strong first quarter results, UltraTech Cement stock price hit a new high-Brokers split securities. In the strong first quarter results, UltraTech Cement’s share price rose by nearly 2.5% and hit a record high of Rs 7,630 per share on Friday.
In today’s BSE intraday trading. Ultratech Cement Ltd’s profit increased by 23.5%, and the compound annual growth rate of its stock price in the past five years was 15.5%, indicating that the company’s stock price may be undervalued.
According to Graham’s internal equation, you should invest in stocks if the current stock price is undervalued. You can buy this stock if the price hits the buy entry, or you can sell a short position if the price hits the sell entry. Along with this, we have also provided stop losses for both buy and sell purposes.
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