UltraTech Cement shares open strong as Q2 net profit doubles, but fail to hold gains; should you buy?

Revenue from operations was at Rs 10,354 crore a jump of 7.7% from the previous year when it was at Rs 9,615 crore. UltraTech Cement’s share price zoomed 2.2% on Thursday’s opening bell, but soon slipped to trade with losses, while the benchmark S&P BSE Sensex was trading in red. Investors were reacting to the […]

Ultratech Cement share price – Buy or Sell? Check out what CLSA, HSBC and Motilal Oswal have to say

In Q2 FY 21, UltraTech Cement displayed outstanding performance led by higher than expected volume growth, rise in operating margins and reduction in net debt. Rise in pet coke prices is expected to get replicated with cheaper imported coal limiting the impact on profitability going ahead. FY2022 is expected to be a strong year in […]