Buy UltraTech Cement, target price Rs 6250: Motilal Oswal

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Buy UltraTech Cement, target price Rs 6250:  Motilal Oswal


Motilal Oswal has buy call on UltraTech Cement with a target price of Rs 6250. The current market price of UltraTech Cement Ltd. is Rs 5558.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 160004.43 Crore) operating in Cement sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 10354.21 Crore, up 35.64 % from last quarter Sales of Rs 7633.75 Crore and up 7.63 % from last year same quarter Sales of Rs 9620.47 Crore Company reported net profit after tax of Rs 1234.95 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 59.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.4 per cent, DIIs 15.5 per cent and public and others 9.3 per cent.





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