UltraTech Cement share price may rise another 16% led

Here we are going to give the details about UltraTech Cement’s share price as the public is searching about it over the internet. The public is going through the internet to learn more about UltraTech Cement’s share price and not only that they also like to know recent news regarding them. So, for our readers, we have brought information about UltraTech Cement’s share price in this article. Not only that we are also going to give the details about its recent viral news as the public is searching about it over the internet. So, keep reading through the article to know more.

UltraTech Cement share price may rise

The biggest cement producer in the nation, UltraTech Cement Ltd., saw a 29% increase in share price last year. Despite being close to its 52-week highs, experts of late believe there is still room for growth in the stock. Every cement manufacturer in the nation, including UltraTech, is benefiting from the robust demand for cement in the market. In addition to the company’s ongoing capacity expansions, UltraTech has maintained its market share gains. Meanwhile, UltraTech is seeing improved earnings potential as a result of the falling price of raw materials. Several experts predict greater growth for the stock based on the positive outlook for the future.

Motilal Oswal Financial Services analysts predict UltraTech would rise by more than 15% from its present levels of about ₹8736 to ₹10,1000. According to MOFSL, UltraTech is in a good position to meet the rising demand for cement. With an ambitious goal to boost its domestic grey cement capacity to 182 Mtpa by FY27, UltraTech Cement is setting a new standard. Given the higher base, the company’s capacity CAGR (compound annual growth rate) of 9.5% over FY23–27 is regarded as encouraging. According to MOFSL experts, UltraTech Cement continues to lead the industry with these expansions. The government’s infrastructure expenditure has been driving the continued robust demand for cement, with assistance from an increase in real estate activity. The robust demand for cement is a growth-promoting lever in and of itself.

Following COVID-19, cement demand remained robust, with a compound annual growth rate (CAGR) of 9% for the fiscal years FY21–2023. The improvement in demand, according to MOFSL analysts, was driven by strong demand from the urban housing and real estate sector, low-cost housing programmes, and greater government spending on infrastructure development. According to MOFSL, demand momentum would continue to be strong, and they project a 7-8% CAGR from FY23 to FY28, reaching 575 million tonnes (or 1.5 times the 390 million tonnes of demand in FY23). The business is also concentrating on enhancing and giving priority to its ESG objectives.