UltraTech Cement stock price soars by 2%

UltraTech Cement’s stock price increased 2% on Wednesday reaching ₹ 10278. This is in response to the company starting greenfield projects in two locations, Tamil Nadu and Chhattisgarh. Check Share Price

This has resulted in the total grey cement capacity of the company reaching 146.2 MTPA. The company’s total manufacturing capacity is 151.60 MPTA.

In a period of less than 5 years, the company has made a total investment of ₹ 32000 cr.

The company has achieved 11x growth in the last 20 years, which is more than the growth of the industry which has been 4x.

UltraTech has a profit target of Rs 120000 which is 19.5% up from its closing price of ₹ 10038.

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