Add UltraTech Cement, target price Rs 12,100: HDFC Securities Jobbery Stock Market update New

HDFC Securities maintains an add rating on UltraTech Cement with a revised target price of Rs 12100. UltraTech Cement reported a consolidated total income of Rs 17437.62 crore for Q3FY25, showing significant volume growth and cost reductions, which resulted in higher unit EBITDA. The company’s net profit for the quarter stands at Rs 1474.77 crore.