"Valuations are something that investors are looking at this given point of time and they are evaluating as we speak on where to probably go and invest. They are reaching attractive levels and long-term investors will probably take a relook at these given prices. Largecaps will tend to outperform over the next two quarters but it could be a good time to look at selective ideas but it is not going to be a raging bull market in smallcaps for next 2-3 months."

The company reported a stronger core topline and efficiencies drive earnings. The company raised earnings estimates by 5-6% and see 26% CAGR profit over FY23-25. The growth trajectory remains strong.

Despite growth in demand, cement prices have remained flat, which the management attributed to several players focusing on retaining market share.

Emkay Global Financial is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 7350 in its research report dated January 23, 2023.

Dolat Capital Market recommended accumulate rating on UltraTech Cement with a target price of Rs 7643 in its research report dated January 23, 2023.

Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 8100 in its research report dated January 23, 2023.

Motilal Oswal is bullish on UltraTech Cement recommended buy rating on the stock with a target price of Rs 7875 in its research report dated January 23, 2023.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 196458.01 Crore) operating in Cement sector.

The NSE Nifty index closed 90.9 points up at 18118.55

HUL, Sun Pharma, Tech Mahindra, Eicher Motors and UPL were among the biggest Nifty gainers. The losers included UltraTech Cement, Grasim Industries, NTPC, JSW Steel and Tata Steel

UltraTech Cement reported a consolidated net profit of Rs 1,062.58 crore in Q3 but better than expected revenue at Rs 15,520.93 crore, which was 19.53% higher than the year-ago quarter

UltraTech Cement Q3 result: A poll of brokerages conducted by Moneycontrol had pegged net profit at Rs 1,105.2 crore and consolidated revenue at Rs 15,191.5 crore. At Rs 15,520.93 crore, revenue was better than expected

UltraTech Cement Q3 preview: Consolidated revenue likely to rise by 19.5 percent YoY and 11.7 percent QoQ to Rs 15,191.5 crore in the December quarter, according to a brokerage poll conducted by Moneycontrol

Net Sales are expected to increase by 19.1 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs. 15,470 crore, according to Motilal Oswal.

The NSE Nifty index closed 112.05 points up at 18165.35

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 211541.41 Crore) operating in Cement sector.

At the lower level stock made a double bottom and gave some pullback to make a high around 1151 levels. In the last 4-6 weeks price moved in the consolidation phase taking support of multiple bottoms and facing the resistance of multiple tops in the last two weeks with high volume price has breached the pattern and closing above indicate further upside rally.

The stock has managed to give a breakout of the last two trading sessions corrective moves. Looking at the overall setup, we are bullish on Canara Bank and we expect that this upward momentum is likely to continue towards the Rs 335-340 zone. So, Canara Bank is a ‘buy with a stop loss of Rs 318.

Secondly, we must remember the fundamental principle of finance that risk and return go hand in hand. We are constantly trying to achieve that ideal point where the return on investment is highest.

The orders came after the Securities Appellate Tribunal (SAT) had set aside Sebi's insider trading charges against certain individuals in the WhatsApp leak case in March 2021 and the same was upheld by the Supreme Court on September 26 last year.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 201493.01 Crore) operating in Cement sector.

The NSE Nifty index closed 68.5 points up at 18191.0

Industry margins set to rebound on recovery in prices and drop in fuel costs; UltraTech, JK Cement and Dalmia Bharat are among top analyst stock picks.

The BSE Sensex was down 241 points at 60,826, while the Nifty lost 72 points to close at 18,127.

The NSE Nifty index closed 186.2 points down at 18199.1

Sharekhan is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 8500 in its research report dated December 13, 2022.

The acquisition will allow Dalmia Bharat to expand into the central region and will represent a significant step towards realising its vision of becoming a pan-India cement company.

Secondly, many stocks have rallied 20-30% from their respective lows, but they are still 15-20% away from their respective 52-week highs. In the meanwhile, the market has reached a new high. Second, fundamentally IT over the last two decades has handled and negotiated many macro crises brilliantly,

We will have a high base in the second half in terms of the raw material cost, so YoY, things will start looking better on the margin front. So staples valuations again are not a big concern now as it was a couple of years back when relative to market they were really expensive but I would say that FMCG is somewhere in the middle. We have a neutral kind of call. It is not too compelling on valuations.

Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.