21-Oct-2026 07:31:12
ULTRACEMCOGeneral news
HSBC ON ULTRATECH CEMENT ; BUY | TP ₹13,200
• Market share gains partly offset by higher costs. • Spot cement prices are ~5% above the Q2 average. • 1-year forward EV/EBITDA trades below its 5-year average of 19.8x. • HSBC expects cement price hikes to help offset cost inflation.
ULTRATECH CEMENT LIMITED