Ultratech Cement is a subgroup of the Aditya Birla Group, which is the eleventh largest producer of cement in the world and the seventh largest across Asia. According to the annual reports the group has recently became a $29 billion USD conglomerate of which major share of its revenue comes from outside India. The company has been very recently name d as the Ultratech Cement Limited in the year 2004. Before that the company was more popularly known as UltraTech CemCo Limited. Ultratech Cement Limited was incorporated in 2000, as a subsidiary of Grasim Industries Limited with its base in Mumbai, India.
UltraTech Cement Limited mainly engages itself in the manufacturing as well as marketing of clinker and of course cement. Products of the company include the well known Portland cement, Portland blast furnace slag cement, along with Portland pozzalana cement. Also manufacturing ready mix concrete, the products of the company is marketed to various countries around the Indian Ocean, Africa, Europe, and the Middle East. The company has an wide annual capacity range of more than 18.2 million tones with five integrated plants, six grinding units along with three terminals — two in India and one located in Sri Lanka.
As a fast moving company operating in cement manufacturing and selling, it has been successful to drive home good profits year after year for both itself and the shareholders of the company. Moreover it is moderately popular in the trading arena. With increasing business it is expected that investors investing in the stocks of the company will be benefited both in terms of short term as well as long term return. If you have any expert tips or analysis regarding its reports in the trading arena then you can mention them in this platform. Moreover, you may ask for expert tips from this site regarding buying and selling of stocks of Ultratech Cement Limited, India.
Sell Unitech with intra-day target of Rs 67 and stop loss of Rs 75, says Anil Singhvi, market analyst, on CNBC Awaaz.
Hold UltraTech Cement with stop loss of Rs 1060, says Pankaj Jain of Satguru Capital on Zee Business. The stock is currently trading at Rs 1120.15, up 0.5% on the BSE.