Morgan Stanley has reiterated its Overweight rating on Ultratech Cement Ltd, raising confidence in its long-term growth potential and maintaining a target price of ₹14,000, which implies an 11% upside from the current market price of ₹12,561.00.
According to the brokerage, Ultratech delivered another quarter of solid execution, reinforcing its position as a preferred cement play. Morgan Stanley views the company as a strong earnings compounder over multiple years, backed by sustained market share gains, diversified revenue levers, and ongoing cost-efficiency initiatives.
The research note highlights:
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Continued volume growth and operational efficiency.
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Strength across multiple revenue verticals.
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Potential for steady margin improvement due to cost control.
Morgan Stanley believes Ultratech’s strong fundamentals position it as a frontrunner in the sector, offering investors a stable long-term bet in India’s infrastructure and construction-led growth.
Disclaimer: This article is based on brokerage research and is not a recommendation to buy or sell any securities. Investors should consult certified financial advisors before making investment decisions.
