Ultratech Cement Surges on Goldman Sachs' 'Buy' Rating

  Published 11 months ago

Ultratech Cement shares rise 2.4% as Goldman Sachs cites price hikes, higher profitability, and reiterates 'buy' with a 12,650 rupees target.

  • Stock tops Nifty 50 gainers amid 1% index rise, driven by April, May price hikes boosting per-tonne profits.
  • Goldman Sachs 'buy rating highlights strong industry fundamentals and a 2,650-rupee price target for ULTC.
  • 38 analysts average 'buy' rating for ULTC; median PT at 13,200 rupees vs. YTD 1.8% vs. Nifty +4.5%.

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