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UltraTech Cement stock target: UltraTech Cement's Q3 earnings meet Street's estimates. Should you buy stock?

Ultratech Cement s stock fell over 1% to Rs 9,906 despite highest-ever net profit in Q4. BofA recommends buying at Rs 10,000 target, Nuvama suggests hold at Rs 9,121 target, and Sharekhan suggests buys at Rs 11,300 target. Q4 profit of Rs 1,777 crore is 68% higher YoY, while revenue rose 8% YoY to Rs 16,740 crore. ....

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UltraTech Q3 Results: Cons PAT surges 68% YoY aided by lower costs

UltraTechs consolidated sales for the quarter were at ₹16,487 crore, up nearly 8% on year, while earnings before interest, tax, depreciation, and amortization rose by around 38% to ₹3,395 crore. On a sequential basis, sales rose by 5% while the operating profit was 25% higher. ....

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