1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. UltraTech Cement Limited
  6. News
  7. Summary
    ULTRACEMCO   INE481G01011

ULTRATECH CEMENT LIMITED

(ULTRACEMCO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares hit near 3-month high on jump in automakers, UltraTech Cement

01/17/2022 | 05:37am EDT
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU, Jan 17 (Reuters) - Indian shares closed at their highest level in nearly three months on Monday as automakers advanced and UltraTech Cement jumped on strong earnings, but losses in HCL Technologies due to weak margins put a lid on the gains.

The NSE Nifty 50 index ended 0.29% higher at 18,308.1 and the S&P BSE Sensex rose 0.14% to 61,308.91 as the third-quarter earnings season entered its second week.

Both the indexes are now just around 1.5% shy of record highs hit in October, after rising for fourth straight weeks.

Investors are looking ahead to major events including blue-chip corporate earnings and the federal budget due early next month.

Underpinning the gains on Monday, UltraTech Cement rose 2.7% to a two-month high after reporting a jump in quarterly profit and saying demand would rebound in the final quarter.

The Nifty Auto index was the best performing sub-index with a 2.1% gain, led by a 5.1% rise in Hero Motocorp . The two-wheeler maker said it would invest about $56.6 million in electric vehicle (EV) firm Ather Energy.

Carmaker Maruti Suzuki India rose 2.2% after it raised prices and Tata Motors was up 3% after a report https://economictimes.indiatimes.com/industry/renewables/tata-motors-wants-to-make-evs-mainstream-eyes-50000-annual-sales-in-fy23/articleshow/88934574.cms said the company was planning to make 50,000 EVs in the next fiscal year.

HCL Technologies slumped 5.9% and was the top loser on the Nifty 50 on disappointment over the IT firm's margin outlook after wage hikes dented profit.

Heavyweight lender HDFC Bank also weighed on the index as it fell 1.5% on flat margins and lower fees from its payments business.

Meanwhile, a steady rise in India's daily COVID-19 cases eased, with the country logging 258,089 cases on Monday compared with Sunday's 271,202 cases. (Reporting by Chris Thomas in Bengaluru; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HCL TECHNOLOGIES LIMITED 1.93% 1028.85 Delayed Quote.-22.00%
HDFC BANK LIMITED 2.63% 1320.95 Delayed Quote.-10.71%
HERO MOTOCORP LIMITED 2.88% 2591.2 End-of-day quote.5.28%
MARUTI SUZUKI INDIA LTD 2.46% 7586.6 Delayed Quote.2.16%
NIFTY 50 2.89% 16266.15 Delayed Quote.-6.27%
NIFTY 500 2.54% 13895.05 Delayed Quote.-7.34%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
SENSEX 30 2.91% 54326.39 Real-time Quote.-6.74%
TATA MOTORS LIMITED 4.82% 417.95 End-of-day quote.-13.35%
ULTRATECH CEMENT LIMITED 0.92% 6128.65 Delayed Quote.-19.26%
All news about ULTRATECH CEMENT LIMITED
05/17Ultratech Cement Commissions Second Clinker Line in Chhattisgarh, India
MT
05/17Ultratech Cement Limited Announces Commissioning of Clinkerisation Unit
CI
05/16Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal
RE
05/16MARKETSCREENER'S WORLD PRESS REVIEW : May 16, 2022
05/16Indian shares end 6-day losing streak; Eicher, Ambuja rise
RE
05/16Indian Indices Bounce Back; Eicher Motors Surge 8%
MT
05/10JSW, Adani set to battle for Holcim's India cement assets -sources
RE
05/03Nomura Adjusts UltraTech Cement's Price Target to 8,100 Indian Rupees From 9,100 Rupees..
MT
05/02UltraTech announces financial results for the year ended 31st March, 2022
AQ
05/02Maruti Suzuki India's Consolidated Net Profit Rises in Fiscal Q4
MT
More news
Analyst Recommendations on ULTRATECH CEMENT LIMITED
More recommendations
Financials
Sales 2022 520 B 6 688 M 6 688 M
Net income 2022 63 003 M 810 M 810 M
Net Debt 2022 45 271 M 582 M 582 M
P/E ratio 2022 28,1x
Yield 2022 0,62%
Capitalization 1 768 B 22 722 M 22 722 M
EV / Sales 2022 3,48x
EV / Sales 2023 3,00x
Nbr of Employees -
Free-Float 39,2%
Chart ULTRATECH CEMENT LIMITED
Duration : Period :
UltraTech Cement Limited Technical Analysis Chart | ULTRACEMCO | INE481G01011 | MarketScreener
Technical analysis trends ULTRATECH CEMENT LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 6 128,65 INR
Average target price 7 807,56 INR
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Kailash Chandra Jhanwar Director & Managing Director
Atul Satish Daga Chief Financial Officer & Executive Director
Kumar Mangalam Birla Non-Executive Chairman
Pramod Rajgaria President-International Operations
Sanjeeb Kumar Chatterjee Secretary & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
ULTRATECH CEMENT LIMITED-19.26%22 722
CRH PLC-20.06%29 943
VULCAN MATERIALS COMPANY-22.91%21 267
MARTIN MARIETTA MATERIALS, INC.-25.60%20 441
GRASIM INDUSTRIES LIMITED-8.25%12 567
HEIDELBERGCEMENT AG-12.87%10 734