Nuvama has maintained a ‘Hold’ rating on UltraTech Cement, setting a target price of ₹11,574, indicating an 11% upside from the current market price of ₹10,458.60 (as of March 11). The brokerage remains neutral on the stock, citing a balanced outlook between growth opportunities and industry challenges.
Nuvama highlighted that UltraTech Cement continues to focus on growth and profitability, with cement price hikes expected in April 2026, which could support margin expansion. Additionally, the brokerage noted that industry consolidation is underway, with UltraTech actively participating through both organic and inorganic expansion strategies.
While the long-term outlook remains positive, investors will be watching pricing trends and demand recovery in the construction sector as key drivers for UltraTech Cement’s performance.
Disclaimer: The above stock recommendations are based on brokerage reports and do not constitute financial advice. Investors are advised to conduct their own research before making investment decisions.
