21-Oct-2026 08:01:57

CLSA ON ULTRATECH CEMENT ; OUTPERFORM | TP ₹13,000 (EARLIER ₹14,000)

• Q2 FY27 results in line with estimates; focus remains on cement pricing. • Improving cement prices expected to offset persistent cost pressures. • Pricing recovery underway, but cost pressures remain a concern. • Strong growth pipeline supported by ambitious expansion into cables and wires.

ULTRATECH CEMENT LIMITED

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