Page 4 of State Bank Of India

UltraTech Cement’s share price rose 1.8% on Tuesday after the company’s first quarter results for FY27 met brokerages’ estimates. Nuvama Institutional Equities raised the price target to Rs 15,209 and maintained its Buy rating on the stock, citing strong performance and guidance. The company’s domestic grey cement volume grew 13% YoY in Q1FY27, with blended EBITDA per tonne at Rs 1,214.