Technical Trading Idea
* Cement space is showing strength from last couple of weeks and most of the stocks are showing positive momentum. Ultratech Cement gave a Trend..
Focus on deleveraging continues; maintain Buy
* UTCEM’s Q4 results were above estimates, led by higher blended realization (Rs5,049/ton vs. estimated R..
* Volumes: Total volumes for Q4FY20 stood at 21.4 MT (est. of 21.7 MT), down by 15.7% y/y due to lockdown measures. Sharp jump in utilization level of Centu..
The company reported standalone net profit of Rs 2,906.32 crore for the quarter ended March 31, 2020 as compared to Rs 1017.47 crore in the same period last year, registe..
UltraTech Cement (ULTCEM)
Buy UltraTech Cement Ltd @3580.00-3586.00 CMP 3587.00 Target 3647.00 SL 3549.80
Asian Paints (ASIPA..
Focus shifts to profitability and deleveraging
After increasing its market share via acquisitions to ~23% from ~16% over past three years, UltraTech Cement (UTCEM) is ..
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