UltraTech Cement Ltd

(ULTRACEMCO)

UltraTech Cement Expands EV Fleet and Financial Plans - 18 Nov, 2024

UltraTech Cement announced plans to raise up to ₹3,000 crore through debentures and will deploy 100 electric trucks, aiming for 500 by June 2025 to promote sustainability.

UltraTech Cement Plans ₹3,000 Crore Fundraising - 15 Nov, 2024

UltraTech Cement's Finance Committee approved raising ₹3,000 crore via non-convertible debentures. The company reported a 36% YoY drop in net profit for Q2 FY2025.

Geojit Upgrades UltraTech Cement to Buy - 11 Nov, 2024

Geojit Financial Services has upgraded UltraTech Cement to a buy rating with a target price of Rs 12,320, citing potential growth driven by rural demand and infrastructure development. Despite recent profit declines, the company is positioned to benefit from strategic expansions.

UltraTech Cement Acquires Major Stake in India Cements - 08 Nov, 2024

UltraTech Cement Ltd has acquired a 32.7% stake in India Cements for over ₹4,000 crore, following a previous acquisition of 22.77% at ₹268 per share. This acquisition triggered an Open Offer at ₹390 per share.

Geojit Upgrades UltraTech Cement Amid Price Decline - 07 Nov, 2024

Despite a 2% decline in share price, Geojit Financial Services upgraded UltraTech Cement to a BUY with a target of Rs12,320, citing long-term growth potential despite current challenges in Q2FY25 performance.

UltraTech Cement Faces Revenue Drop, Acquires Stake - 06 Nov, 2024

UltraTech Cement announced an acquisition of 11.55% in RAKWCT for $22.02 million. Despite a revenue decline in Q2FY25, Geojit upgraded the stock to BUY, anticipating recovery in cement prices.

UltraTech Cement Shows Signs of Bullish Momentum - 29 Oct, 2024

UltraTech Cement's stock has corrected from a high of ₹12,100 but has formed a support base around its 200 SMA. A positive RSI crossover suggests potential bullish momentum. Short-term traders are advised to buy in the ₹11,100-₹11,000 range, targeting ₹11,500 and ₹11,750, with a stop loss below ₹10,700.

UltraTech Cement Aims for 200 MTPA Capacity - 28 Oct, 2024

UltraTech Cement Ltd. aims to increase its capacity to over 200 MTPA by FY27 through acquisitions, including The India Cements and Kesoram Cements.

UltraTech Cement Partners for Carbon Reduction Technology - 25 Oct, 2024

UltraTech Cement has signed a collaboration agreement with the Institute for Carbon Management at UCLA to implement the Zero Carbon Lime technology, aiming to reduce nearly 98% of CO2 emissions from cement production.

UltraTech Cement Partners for Emission Reduction Technology - 24 Oct, 2024

UltraTech Cement has revised its strategies, partnering with UCLA to develop Zero Carbon Lime technology, while analysts adjust target prices amid fluctuating revenues and sales volumes.

UltraTech Cement Q2FY25 Earnings Review - 23 Oct, 2024

UltraTech Cement's Q2FY25 earnings showed a revenue of INR 156,347 Mn, down 2.4% YoY. EBITDA and PAT declined significantly, but an ACCUMULATE rating with a target price of INR 12,063 reflects confidence in future growth.

UltraTech Cement Faces Challenges Amid Mixed Analyst Outlook - 22 Oct, 2024

UltraTech Cement reported a significant drop in Q2 net profit and operating profit, reflecting weak demand and pricing pressures. Despite this, analysts remain optimistic about future demand recovery and potential price hikes, with varied target prices from brokerages. The stock's performance remains mixed, with expectations of a 25% upside from current levels.

UltraTech Cement Reports Q2 Losses Amidst Competition - 21 Oct, 2024

UltraTech Cement's Q2 results show a significant profit decline of 36% to ₹825 crore, missing estimates due to intense competition and subdued demand. Revenue also fell 2% to ₹15,635 crore. JP Morgan's overweight rating offers some optimism with a target price of ₹13,750.

UltraTech Cement Faces Weak Q2 Performance Outlook - 20 Oct, 2024

UltraTech Cement is expected to report a disappointing Q2FY25, with net profit projected to fall 17.06% YoY to Rs 1,062 crore due to weak prices, delayed infrastructure activities, and high costs. Revenue is anticipated to decline by 2.7% YoY. Analysts are concerned about demand slowdown and pricing pressures amidst challenging market conditions.