Jefferies has maintained its ‘buy’ rating on UltraTech Cement, raising the target price to ₹14,000 from ₹13,265 earlier. The revised target implies a potential upside of approximately 15.4% from the current market price (CMP) of ₹12,128.00.
The brokerage highlighted that UltraTech Cement reported healthy EBITDA growth after three consecutive quarters of decline. Jefferies also pointed out that the company is targeting steep improvement in unit EBITDA for its recently acquired capacities.
Additionally, Jefferies expects Q1FY26 to benefit from a recent pricing uptick, further supporting profitability in the near term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
