11260.0000 7.00 (0.06%)
NSE Jun 09, 2025 15:31 PM
Volume: 209.2K
 

11260.00
0.06%
HDFC Securities
We reiterate BUY on UTCEM with a higher TP of Rs 5,600 (15x its Sep-21E EBITDA, implying EV of USD 220/MT). In our view, UTCEM deserves premium valuations for its capacity & cost leadership and balance sheet discipline. The stock currently trades at 13.3x/11.9x FY21/22E consol EBITDA and at an EV of USD 192/179 per MT. We reiterate BUY on UTCEM with a TP of Rs 5,600 (15x its Sep-21E EBITDA, implying EV of USD 220/MT).
Number of MF schemes increased from 113 to 122 in Mar 2025 qtr.
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