UltraTech Cement Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of UltraTech Cement Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: UltraTech Cement Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news and updates on UltraTech Cement Ltd. from all sources in a single place.

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UltraTech Cement Ltd.

12 Aug 2024

11033.00

-0.02%

Corp. Note

ULTRATECH CEMENT LTD. - 532538 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / …

BSE India

Information regarding issuance of Letter of Confirmation in lieu of share certificate lost

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UltraTech Cement Ltd.

12 Aug 2024

11033.00

-0.02%

Company Update

ULTRATECH CEMENT LTD. - 532538 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

BSE India

Intimation regarding Investor meet of UltraTech Cement Limited

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UltraTech Cement Ltd.

12 Aug 2024

11033.00

-0.02%

Axis Annual Analysis:UltraTech Cem.

Buy: UltraTech Cement Ltd.

Target

Axis Direct

We recommend a BUY on UltraTech Cement Ltd and value the stock at 19.5x FY26 EV/EBITDA, setting a target price of Rs 12,450 per share. The TP implies a potential upside of 10% from the current market price.

UltraTech Cement Ltd. has an average target of 13527.40 from 11 brokers.

UltraTech Cement Ltd.

09 Aug 2024

11033.00

-0.02%

UltraTech Cement's open offer for ICL to open on Sept 19, close on Oct 3

Business Standard

UltraTech Cement's Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has proposed to acquire 8.05 crore shares of ICL at Rs 390 apiece, said the draft of the offer submitted to bourses. The offer price is 6.3 per cent higher than the closing price of Rs 366.90 of ICL at BSE. The mandatory open offer was triggered after UltraTech on July 28 announced to acquire 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. If subscribed fully, then based of the Rs 390 price, the open offer will come in at Rs 3,142.35 crore. Before this, UltraTech had acquired a non-controlling stake of around 23 per cent in ICL through two block deals, at around Rs 1,900 crore. The shareholding of UltraTech after the acquisition of 32.72 per cent stake in ICL from promoters and their associates, will be 55.49 per cent. UltraTech in the draft