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What is UltraTech Cement Coverage Initiation about?

UltraTech Cement Ltd. is initiated with a BUY recommendation and a target price of Rs 9,350/share, indicating a 13% upside from the current market price. The company is expanding its capacity from 130 mtpa to 155 mtpa, which is expected to drive a revenue/EBITDA/APAT CAGR of 9%/24%/32% over FY23-FY25. With a robust market share and positive demand outlook, UltraTech is well-positioned for growth in the cement industry.

Author

sonu

Language

EN