What is the future of UltraTech cement?

UltraTech announced setting up a 3.5-million-tonne (mt) cement plant in Pali, Rajasthan, estimated to start production by June 2020. Earlier, in the September quarter, it had announced an integrated 3.5-mt cement plant in Dhar, Madhya Pradesh, which is to commence production in the March quarter of 2019.

Is it good to invest in UltraTech cement?

Currently, UltraTech is trading 14.2 times the forward estimates of its FY23 earnings, it said. “On the backs of higher demand outlook and better than expected profitability we assigned 16x FY23E EV/EBITDA which translates in a price target of Rs 8,600 per share with potential upside,” the brokerage said.

Why is UltraTech cement falling?

The cement maker’s net profit fell 22.8\% quarter-on-quarter to Rs 1,313.5 crore in the three months ended September, it said in an exchange filing. UltraTech Cement Ltd.’s second-quarter profit fell on higher expenses and lower other income. The bottom line, however, was in line with analysts’ forecasts.

Which is good share for long term?

List of Best Blue Chip Stocks to Consider

Company Name	Industry	Share Price as of 2nd October (NSE)
HDFC BANK	Banking	Rs 1,511.70
Infosys	Information Technology	Rs 1,703.55
ITC	FMCG	Rs 225.75
Coal India	Mining/Minerals	Rs 156.10

What is the price of 50 kg UltraTech Cement?

UltraTech Portland Cement, 50 Kg, Price from Rs. 235/unit onwards, specification and features.

Which cement is best in India?

UltraTech Cement
Top 10 Best Cement In India As Per Market Cap

Sr. No	Cement Company	Market Cap In Cr.
1	UltraTech Cement	211,716.00
2	Shree Cement	101,354.61
3	Ambuja Cement	76,060.14
4	Dalmia Cement	42,146.35