On Tuesday, the scrip rose 2.8 per cent to hit a high of Rs 6,444 on BSE. With this, the stock has climbed 24.93 per cent over its 52-week low of Rs 5,158.05 on June 17.
UltraTech’s sizzling Q3 makes analysts project strong stock gains
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Analysts expect the cement giant to benefit the most from the rebound in domestic demand given that the effects of COVID-19 pandemic are steadily fading to the background.
Reuters
Goldman Sachs, DAM Capital and Haitong Securities have raised their price targets by 10-14 per cent for UltraTech Cement.
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MUMBAI: Analysts were enthusiastic about the prospects for UltraTech Cement’s stock after the company reported strong earnings growth for the quarter ended December. Analysts expect the cement giant to benefit the most from the rebound in domestic demand given that the effects of COVID-19 pandemic are steadily fading to the background.