UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 108633.08 Crore) operating in Cement sector.
AgenciesPromoters held 60 per cent stake in the company as of June 30, 2020, while FIIs held 16.1 per cent, DIIs 14.6 per cent and public and others 9.3 per cent.
ICICI Direct has given sell rating to UltraTech Cement with a target price of Rs 3716. The share price moved up by 0.37 per cent from its previous close of Rs 3775.95. The stock’s last traded price is Rs 3789.80.
UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 108633.08 Crore) operating in Cement sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 7633.75 Crore, down 28.96 % from last quarter Sales of Rs 10745.62 Crore and down 24.99 % from last year same quarter Sales of Rs 10177.63 Crore. The Company reported net profit after tax of Rs 796.54 Crore in latest quarter.
Investment Rationale The brokerage said that short term trendline support breached & Stochastic is in sell mode
Promoter/FII Holdings Promoters held 60 per cent stake in the company as of June 30, 2020, while FIIs held 16.1 per cent, DIIs 14.6 per cent and public and others 9.3 per cent.
Agencies
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