UltraTech may miss earnings estimates

Reuters Market Eye - UltraTech Cement Ltd may lag January-March earnings consensus forecast, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, shows UltraTech would report a net income of 7.45 billion rupees for the quarter compared with mean consensus estimate of 7.72 billion rupees.

Shares in UltraTech are down 1.9 percent at 12:10 p.m. ahead of its earnings results later in the day.

(Reporting by Abhishek Vishnoi)