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JM Financial recommends buying UltraTech Cement with a target price of Rs 13,000, expecting it to rise from its current Rs 10,430.5 within a year. UltraTech’s recent entry into the wires and cables segment with Rs 18 billion capex could boost EBITDA by 4-5% by FY27E. Promoters hold a significant stake, indicating confidence in future growth.
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