ultratech cement share value: Purchase UltraTech Cement, goal value Rs 4170: ICICI Securities

ICICI Securities has given purchase ranking to UltraTech Cement with a goal value of Rs 4170. The share value moved up by 1.21 per cent from its earlier shut of Rs 3928.40. The inventory’s final traded value is Rs 3976.

UltraTech Cement Ltd., integrated within the 12 months 2000, is a Giant Cap firm (having a market cap of Rs 113199.15 Crore) working in Cement sector.

UltraTech Cement Ltd. key Merchandise/Income Segments embody Portland/Possolana Cement which contributed Rs 36602.92 Crore to Gross sales Worth (90.04 % of Complete Gross sales), Cement Gray which contributed Rs 3430.09 Crore to Gross sales Worth (8.43 % of Complete Gross sales), Different Working Income which contributed Rs 550.72 Crore to Gross sales Worth (1.35 % of Complete Gross sales), Scrap which contributed Rs 64.87 Crore to Gross sales Worth (0.15 % of Complete Gross sales), Lease Leases which contributed Rs .33 Crore to Gross sales Worth (0.00 % of Complete Gross sales), Sale of providers which contributed Rs .24 Crore to Gross sales Worth (0.00 % of Complete Gross sales)for the 12 months ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the corporate reported a Consolidated gross sales of Rs 7633.75 Crore, down 28.96 % from final quarter Gross sales of Rs 10745.62 Crore and down 24.99 % from final 12 months identical quarter Gross sales of Rs 10177.63 Crore. The Firm reported internet revenue after tax of Rs 796.54 Crore in newest quarter.

Promoter/FII Holdings
Promoters held 60 per cent stake within the firm as of June 30, 2020, whereas FIIs held 16.1 per cent, DIIs 14.6 per cent and public and others 9.three per cent.