{
UltraTech Cement Limited

Companies

}
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001122334455554433221100

Indian markets decline as Adani stocks plummet amid geopolitical tensions

Indian benchmark indices faced pressure on November 21, with the Nifty falling below 23,300 and the Sensex down 422.59 points, or 0.54%, closing at 77,155.79. The decline was driven by weak global cues and significant selling in Adani Group stocks following bribery charges against Gautam Adani. Major losers included Adani Enterprises and SBI, while Power Grid Corp and UltraTech Cement were among the gainers.
Moneycontrol
United States Dollar Adani Enterprises Limited Grasim Industries Limited UltraTech Cement Limited HCL Technologies Limited NTPC Limited SBI Life Insurance Company Limited Adani Ports SBI Hindalco Industries Limited Power Grid Corporation of India Limited IND Gautam Adani Show more
Finance & Economy, Market Report
11:17 21.11.2024

Nifty reports single-digit earnings growth for second consecutive quarter

Nifty companies reported a 4% year-on-year profit growth in Q2, marking the second consecutive quarter of single-digit growth, driven by SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank. However, underperformance from BPCL, JSW Steel, and others offset gains, with consumption and asset-quality stress in BFSI sectors noted as weak spots. FY25 earnings projections have been downgraded by 7%, with a mere 5% growth expected, the weakest since FY20.
Moneycontrol
JSW Steel Limited BPCL Bharti Airtel Limited Axis Bank Limited Reliance Industries Limited Hindalco Trent Tech Mahindra Limited Asian Paints Limited IndusInd Bank Limited Tata Motors Limited Coal India Limited ICICI Bank Limited SBI ONGC UltraTech Cement Limited IND ICICI Bank Axis Bank Hindalco SBI ONGC Show more
Finance & Economy, Market Report
09:58 17.11.2024

UltraTech Cement plans to raise 3000 crore through non-convertible debentures

UltraTech Cement plans to raise up to Rs 3,000 crore through the private placement of non-convertible debentures to enhance its financial flexibility amid rising competition. The Aditya Birla Group company aims to issue rupee-denominated, unsecured, redeemable, and listed NCDs. Over the past year, UltraTech's share price has increased by over 22%, boosting its market capitalization to nearly Rs 3.1 lakh crore, outperforming the NSE Nifty 50 index.
Moneycontrol
Indian Rupee Aditya Birla Group UltraTech Cement Limited IND Aditya Birla
Finance & Economy, Market Report
08:46 15.11.2024

Grasim Industries reports 66 percent drop in Q2 net profit

Grasim Industries reported a 66% decline in consolidated net profit to Rs 390 crore for Q2, down from Rs 1,164 crore a year ago, due to lower cement sales and investments in the paints sector. Revenue rose 11.1% year-on-year to Rs 33,562.85 crore, driven by strong performance in financial services and specialty chemicals. Standalone net profit fell 9% to Rs 720.86 crore, while revenue from operations increased 18% to Rs 7,623.33 crore.
Moneycontrol
Indian Rupee Grasim Industries Limited Aditya Birla Capital Limited UltraTech Cement Limited IND Show more
Finance & Economy, Market Report
16:53 14.11.2024

Geojit Financial Services upgrades UltraTech Cement to buy with target price of 12320

Geojit Financial Services has upgraded UltraTech Cement to a BUY rating with a target price of Rs. 12,320. In Q2FY25, the company reported a 2.4% YoY decline in consolidated revenue to Rs. 15,635 crore, attributed to weaker cement prices and a decrease in capacity utilization to 68%. Despite a 36% drop in PAT to Rs. 820 crore, management anticipates improved rural demand due to favorable monsoon conditions.
Moneycontrol
Indian Rupee UltraTech Cement Limited IND
Finance & Economy, Market Report
10:14 06.11.2024

UltraTech Cement targets growth despite recent earnings decline, maintains buy rating

Motilal Oswal has reiterated a BUY rating for UltraTech Cement, setting a target price of INR 13,000. Despite a 21% YoY decline in EBITDA to INR 20.2 billion due to operational challenges, the company anticipates a recovery driven by pent-up demand and good monsoon conditions, projecting double-digit volume growth in the second half of FY25. With significant capacity expansion plans, UltraTech is expected to gain market share and achieve a CAGR of 16% in consolidated EBITDA over FY24-FY27.
Moneycontrol
Indian Rupee UltraTech Cement Limited IND Motilal Oswal
Finance & Economy, Market Report
13:08 24.10.2024

UltraTech Cement rated accumulate with target price of Rs 11446

UltraTech Cement reported a revenue of ₹15,635 crore for Q2FY25, reflecting a 2.4% YoY and 13.5% QoQ decline due to muted volumes and lower price realization. Sales volume fell 12.9% QoQ amid weak government capex and monsoon impacts, with annual growth at just under 4%. Despite these challenges, revenue and EBITDA are expected to grow at CAGRs of 13.57% and 19.4% over FY25-26E, prompting a rating revision to Accumulate with a target price of ₹11,446.
Moneycontrol
Indian Rupee UltraTech Cement Limited IND
Finance & Economy, Market Report
06:26 24.10.2024

UltraTech Cement reports Q2FY25 earnings with target price of 12063

UltraTech Cement reported Q2FY25 earnings that surpassed expectations, with revenue at INR 156,347 Mn, down 2.4% YoY. EBITDA fell to INR 20,183 Mn, reflecting a margin decline to 12.9%, while PAT dropped 36% YoY to INR 8,200 Mn. The target price is set at INR 12,063, maintaining an "ACCUMULATE" rating due to strong growth potential.
Moneycontrol
Indian Rupee Kesoram Industries Limited UltraTech Cement Limited The India Cements Limited IND KR Choksey Show more
Finance & Economy, Market Report
06:50 23.10.2024

Adani Group acquires Orient Cement intensifying competition with Ultratech

Adani Group has intensified competition in India's cement sector by acquiring a 46.8% stake in Orient Cement through Ambuja Cement, following UltraTech's purchase of India Cements. This marks the fourth major deal in the industry within a year, as both conglomerates have collectively acquired six firms since Adani entered the market in 2022.Hyundai's CEO emphasized the importance of stable policies and infrastructure support for the growth of India's electric vehicle market. The company plans to introduce multiple electric models and enhance its local ecosystem, coinciding with the listing of its Indian unit, which is the largest in the country's stock market history.
Moneycontrol
Indian Rupee UltraTech Cement Limited Adani Group Orient Cement Limited Ambuja Cements Limited Hyundai Motor Company IND Jaehoon Chang Show more
Finance & Economy, Market Report
04:06 23.10.2024
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