Economic TimesLean R·
UltraTech Cement shares gain 2% after Q1 results. Why Nuvama, other brokerages raised target?
Shares of cement major UltraTech Cement gained 2% to their day's high of Rs 12,125 on the BSE on Tuesday after multiple brokerages raised their target prices for the stock following its Q1 earnings and strong guidance.The company on Monday reported a 17% year-on-year (YoY) increase in its consolidated net profit to Rs 2,599 crore for the first quarter of FY27, from Rs 2,226 crore in the corresponding quarter of the previous financial year. The firm’s revenue from operations, meanwhile, increase…
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