UltraTech Cement Ltd

(ULTRACEMCO)

UltraTech Cement Acquires Major Stake in India Cements - 08 Nov, 2024

UltraTech Cement Ltd has acquired a 32.7% stake in India Cements for over ₹4,000 crore, following a previous acquisition of 22.77% at ₹268 per share. This acquisition triggered an Open Offer at ₹390 per share.

Geojit Upgrades UltraTech Cement Amid Price Decline - 07 Nov, 2024

Despite a 2% decline in share price, Geojit Financial Services upgraded UltraTech Cement to a BUY with a target of Rs12,320, citing long-term growth potential despite current challenges in Q2FY25 performance.

UltraTech Cement Faces Revenue Drop, Acquires Stake - 06 Nov, 2024

UltraTech Cement announced an acquisition of 11.55% in RAKWCT for $22.02 million. Despite a revenue decline in Q2FY25, Geojit upgraded the stock to BUY, anticipating recovery in cement prices.

UltraTech Cement Shows Signs of Bullish Momentum - 29 Oct, 2024

UltraTech Cement's stock has corrected from a high of ₹12,100 but has formed a support base around its 200 SMA. A positive RSI crossover suggests potential bullish momentum. Short-term traders are advised to buy in the ₹11,100-₹11,000 range, targeting ₹11,500 and ₹11,750, with a stop loss below ₹10,700.

UltraTech Cement Aims for 200 MTPA Capacity - 28 Oct, 2024

UltraTech Cement Ltd. aims to increase its capacity to over 200 MTPA by FY27 through acquisitions, including The India Cements and Kesoram Cements.

UltraTech Cement Partners for Carbon Reduction Technology - 25 Oct, 2024

UltraTech Cement has signed a collaboration agreement with the Institute for Carbon Management at UCLA to implement the Zero Carbon Lime technology, aiming to reduce nearly 98% of CO2 emissions from cement production.

UltraTech Cement Partners for Emission Reduction Technology - 24 Oct, 2024

UltraTech Cement has revised its strategies, partnering with UCLA to develop Zero Carbon Lime technology, while analysts adjust target prices amid fluctuating revenues and sales volumes.

UltraTech Cement Q2FY25 Earnings Review - 23 Oct, 2024

UltraTech Cement's Q2FY25 earnings showed a revenue of INR 156,347 Mn, down 2.4% YoY. EBITDA and PAT declined significantly, but an ACCUMULATE rating with a target price of INR 12,063 reflects confidence in future growth.

UltraTech Cement Faces Challenges Amid Mixed Analyst Outlook - 22 Oct, 2024

UltraTech Cement reported a significant drop in Q2 net profit and operating profit, reflecting weak demand and pricing pressures. Despite this, analysts remain optimistic about future demand recovery and potential price hikes, with varied target prices from brokerages. The stock's performance remains mixed, with expectations of a 25% upside from current levels.

UltraTech Cement Reports Q2 Losses Amidst Competition - 21 Oct, 2024

UltraTech Cement's Q2 results show a significant profit decline of 36% to ₹825 crore, missing estimates due to intense competition and subdued demand. Revenue also fell 2% to ₹15,635 crore. JP Morgan's overweight rating offers some optimism with a target price of ₹13,750.

UltraTech Cement Faces Weak Q2 Performance Outlook - 20 Oct, 2024

UltraTech Cement is expected to report a disappointing Q2FY25, with net profit projected to fall 17.06% YoY to Rs 1,062 crore due to weak prices, delayed infrastructure activities, and high costs. Revenue is anticipated to decline by 2.7% YoY. Analysts are concerned about demand slowdown and pricing pressures amidst challenging market conditions.

UltraTech Cement Expands Capacity and Showcases Innovations - 17 Oct, 2024

UltraTech Cement has commissioned an additional 1.2 MTPA grinding capacity at Arakkonam, raising total capacity to 156.06 MTPA. The company reported a slight increase in Q1 FY25 profit and showcased innovative specialty concrete at a major industry event.

UltraTech Cement Expands Grinding Capacity in Tamil Nadu - 16 Oct, 2024

UltraTech Cement has commissioned an additional 1.2 mtpa grinding capacity at its Arakkonam unit in Tamil Nadu, increasing total capacity to 156.06 mtpa. This expansion supports the company's strategy to enhance market presence and meet rising cement demand in India.

UltraTech Cement Faces Tax Demand from Authorities - 11 Oct, 2024

On October 10, 2024, UltraTech Cement Limited received an order confirming a service tax demand of INR 303,696, along with applicable interest and penalty for alleged irregular CENVAT credit availment.

UltraTech Cement Expected to Report Decline in Q2FY25 - 10 Oct, 2024

MOSL forecasts a 27% YoY decline in UltraTech Cement's net profit to ₹930 crore for Q2FY25, with net sales expected to decrease by 2.4% to ₹15,630 crore. EBITDA is projected to fall by 29%, indicating challenging market conditions.