Page 2 - UltraTech Cement Ltd News

UltraTech Cement board approves ₹5,000 crore fundraise through NCDs

The cement major will issue up to 500,000 unsecured, listed and redeemable debentures through private placement as it advances a ₹17,000 crore capacity expansion plan

UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

UltraTech Cement on Thursday said it is planning to raise up to Rs 5,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee of the board approved a proposal to raise funds by issuance of up to 5,00,000 non-convertible, non-cumulative debentures of Rs 1,00,000 each, it said in a BSE filing. Further details regarding the tenure, coupon rate and timeline of the tranches are awaited. Earlier this week, UltraTech Cement reported a jump of 17.23 per cent in June quarter consolidated net profit at Rs 2,603.72 crore and 15.85 per cent rise in revenue from operations at Rs 24,648.20 crore. UltraTech leads the cement industry with a total grey cement capacity of 205.5 MTPA and white cement/putty capacity of 3.2 MTPA. It is also planning to foray into the cables and wires business this fiscal.

UltraTech Cement reclaims 200-DMA; chart hints at 10% gain hereon: Analyst

Muthuselvaraj M, technical research analyst, Mirae Asset Sharekhan believes that UltraTech Cement stock can gain in the short- to medium-term as momentum indicators are showing strength on the chart.

UltraTech Cement shares rise 2% post Q1; analysts see up to 14% upside

UltraTech Cement reported a 16.8 per cent increase in net profit for the first quarter to ₹2,599.3 on a year-on-year basis. Revenue for the quarter was up 15.9 per cent to ₹24,648.20 crore.

Motilal Oswal sector of the week: Cement; check top bets, target here

According to Motilal Oswal, the cement sector presents an improving medium-term outlook and opportunities for investors

Q1 results: UltraTech Cement, Paytm, Shyam Metalics, 43 more on July 20

Q1FY27 company results: Firms including Indian Overseas Bank, Sobha, Mahindra Logistics, Canara HSBC Life Insurance Company, and Rallis India are also to release their April-June earnings today

Stocks to buy: Ajit Mishra recommends CDSL, Divi's Labs, UltraTech Cement

On the overall market set-up, Ajit Mishra, SVP - Research at Religare Broking reckons to maintain a 'Buy-on-dips' approach, with a preference for relatively stronger stocks across sectors.

Cement sector stocks log solid gains; Nuvoco Vistas up 26% in 2 days

Looking beyond the Q1, analysts expect domestic cement demand to grow at a healthy 6-8 per cent CAGR over FY27-FY29, driven by sustained public infra investments and housing demand.

Q1 results preview: Cement makers build on volumes, hit margin wall

Strong infrastructure demand and a favourable base are expected to drive Q1 FY27 cement volumes, but rising fuel and input costs may weigh on margins despite better realisations