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Business Insider

New Sell Rating for UltraTech Cement Limited (ULTRACEMCO), the Basic Materials Giant

In a report released on June 27, Sumangal Nevatia from Kotak Mahindra maintained a Sell rating on UltraTech Cement Limited (ULTRACEMCO – Research Report), with a price target of INR7,350.00. The company's shares closed last Friday at INR12,213.00. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Nevatia covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd.. According to TipRanks, Nevatia has an average return of 1.3% and a 50.00% success rate on recommended stocks. Currently, the analyst consensus on UltraTech Cement Limited is a Strong Buy with an average price target of INR13,158.50.