22 Oct 2025 | 5 Mins Read
UltraTech Cement maintained with a 'Hold' due to cautious outlook
Flipitmoney
Nuvama Institutional Equities maintains a 'Hold' rating on UltraTech Cement with a target price of Rs 13,982, an upside potential of 13% from Rs 12,370. The brokerage cites steady operational performance, expansion plans, and stable demand amidst rising costs and near-term pressures. Key factors include volume growth, capacity expansion, and improved sustainability metrics.