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Analysts see up to 24% upside in this cement stock after an impressive Q2
UltraTech Cement reported a 113 per cent jump in its net profit at Rs 1,234 crore for the quarter. Net sales of the company rose 7.8 per cent to Rs 10,231 crore with robust operating margins at 27 per cent.
Ambuja Cements Ltd. shares drop 1.5% as Sensex rises
A total of 316,861 shares changed hands on the counter till 02:13PM (IST)
Stock market news: Ambuja Cements shares down nearly 2%
Shares of Ambuja Cements Ltd. traded 1.66 per cent down in trade at 11:32AM on Friday...
UltraTech Cement Q2 Results: Net profit jumps 113% YoY to Rs 1,234 crore
UltraTech Cement has shaved off Rs 4,728 crores of net debt in the first-half of this fiscal year.
UltraTech Cement shares up ahead of Q2 results
As per Motilal Oswal Securities, UltraTech may report a 104 per cent rise in profit at Rs 1,181.40 crore. This would be a sequential growth of 30.4 per cent. Sales are expected to rise a mere 3.5 per cent year-on-year to Rs 9,956.20 crore.
Analysts stay bullish On UltraTech Cement
Antique, CLSA, Edelweiss, Jefferies and Kotak Institutional Equities maintained their buy ratings and raised target prices by 6-22%. Morgan Stanley maintained overweight and HSBC upgraded the stock to hold from reduce while raising its target price on UltraTech by 22%.
ACC shares gain nearly 4% after earnings announcement
The company on Monday reported a 20.25 per cent increase in consolidated net profit to Rs 363.85 crore for the third quarter ended September 30. The company, which follows January-December financial year, had posted a profit of Rs 302.56 crore in the same quarter a year ago, ACC said in a BSE filing.
Share price of Ambuja Cements Ltd. rises as Nifty strengthens
A total of 24,303 shares changed hands on the counter till 11:23AM (IST).
UltraTech Cement Q2 takeaways: Strong rural demand, cost cutting helps bottomline
UltraTech Cement surprised the Street with its bottomline and also kept its operating margin at a robust level.
NSE-BSE bulk deals: Radhakishan Damani buys nearly 7 lakh shares of shipping firm
Data shows that Radhakishan Damani bought 6,94,646 shares of Cochin Shipyard at Rs 349.14. The seller’s information was not disclosed with the data.
Share market update: 26 stocks hit 52-week highs on NSE
Benchmark NSE Nifty index was trading 37.30 points down at 11933.75 on Thursday on account of selling in frontline bluechip counters.
Stocks in the news: Bajaj Finance, UltraTech Cement, Bajaj Finserv, Vedanta & GMM Pfaudler
Vedanta will receive Rs 5,843 crore as dividend from its subsidiary Hindustan Zinc that announced a dividend of Rs 21.30 per share.
Share market update: 21 stocks hit 52-week highs on NSE
Overall, 32 shares were trading in green in Nifty50 index, while 18 were trading in red.
Ambuja Cements Ltd. shares gain 1.18% as Sensex rises
A total of 35,291 shares changed hands on the counter till 11:39AM (IST)
Ambuja Cements Ltd. shares decline 0.69% as Sensex slides
A total of 28,426 shares changed hands on the counter till 11:28AM (IST)