UltraTech Cement falls after Q3 earnings but brokerages remain positive on the stock

Following the release of the company's third-quarter numbers, domestic brokerage firms remained bullish on the stock, citing the company's strong fundamentals and growth drivers. Brokerage house IDBI Capital maintained its ‘buy’ rating on the stock with a revised target price of ₹7,965 apiece.

Q3 Earnings Preview: Cement companies' woes likely to continue as input costs eat into profitability

The raw material costs continued to remain a major concern for the cement sector for Q3FY23. The petcoke and coal prices in both domestic and international markets were still higher compared to the long-term average but corrected in the past couple of months.

From ITC to Titan, 8 blue chip stocks Motilal Oswal advises buying in 2023

Despite a roller coaster ride, Nifty gained 4% (as of 22nd December) for the year as compared to a 10-20% fall in most of the global indices. In fact, it touched a fresh lifetime high of 18,888 in November. As we step into 2023, the global factors like recessionary fears, geo-political risks and rising Covid cases in China could keep the equity markets volatile. Amid this backdrop, Motilal Oswal expects two themes to play out in CY23 - credit growth and capex and thus sectors like BFSI, capital goods, infrastructure, cement, housing, defence, railways could be in focus. It has listed 8 blue chip stocks to pick for the upcoming year. Let's take a look:

UltraTech Cement is down 5% this year. Can it be a decent bet at this juncture?

On December 13, Ultratech Cement announced the commissioning of a 1.9 mtpa greenfield clinker-backed grinding capacity at Pali Cement Works, Rajasthan.

Major cement companies report net loss amounting to 40-90% in Q2 on higher costs

For the September-ending quarter, cement Major Ultratech Cement posted a 42% drop in its consolidated net profit to ₹755.7 crore from ₹1,310.3 crore in the same quarter last year. The total expenditure of the company jumped nearly 30% to ₹12,026 crore in Q2 from ₹9,302 crore.

Ultratech Cement: Brokerages stay bullish despite a fall in net profit; Here are the key reasons

ICICI securities said that Ultratech Cement's strong strategic growth plan, a prudent approach to generating higher cash flows and capex while maintaining a strong balance sheet would keep it ahead in the league.

Profitability of cement companies is set to fall by 15% due to high input costs: Report

Petcoke is widely used by the cement industry. The surge in petcoke prices has led to huge uncertainty in terms of costs and margin recovery for cement companies. And the rise in oil prices has resulted in higher fuel prices, resulting in increased freight expenses.

India's top cement maker paying for Russian coal in Chinese yuan: Report

India has explored setting up a rupee payment mechanism for trade with Russia, but that has not materialised. Chinese businesses have used the yuan in trade settlements with Russia for years.

UltraTech Cement to begin new phase of capacity expansion: Report

On Thursday, the board of UltraTech approved the plan to increase capacity through a mix of brownfield and greenfield expansion.

<ul><li>On Thursday, the board of UltraTech approved the plan to increase capacity through a mix of brownfield and greenfield expansion.</li></ul>

Russia-Ukraine War is causing havoc on Indian cement companies. Here's what's going on

The deepening Russia-Ukraine conflict pushed global crude oil past the $110-mark on Thursday. It is also likely to impact Indian cement manufacturers’ margins as production costs escalate. Why, though?&nbsp;

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UltraTech Cement falls after Q3 earnings but brokerages remain positive on the stock

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