Turn your Rs 1000 into Rs 1,190; get this whopping profit in just 90 days, expert says
Buoyed by robust demand from infrastructure and affordable housing segments coupled with ramp up in acquired and newly commissioned assets, equity experts are bullish on UltraTech Cement stock.
The urge to become rich fast in India is turning into a rage. However, this trend can be counter-productive too if money is invested in the wrong product. However, here is a strong rising opportunity. Buoyed by robust demand from infrastructure and affordable housing segments coupled with ramp up in acquired and newly commissioned assets, equity experts are bullish on UltraTech Cement stock. They are expecting a whopping near 19 per cent gains in the scrip in short-term perspective means in two to three months time. It means an investor can expect his Rs 1,000 investment to become Rs 1,190 in a mere two to three months time, say experts.
Speaking on the company fundamentals Kumal Shah, Equity Analyst at Yes Securities told Zee Business Online in a written statement, "The Ultratech Cement Ltd. reported consolidated volumes at 19.3 MT (+14.3 per cent YoY/+16.9 per cent QoQ) aided by robust demand from infrastructure and affordable housing segments coupled with ramp in acquired and newly commissioned assets. The acquired JPA assets consistently operate at 75 per ent capacity utilisation levels with operational efficiencies in-line with existing assets (excluding structural cost gap)." He said the company also completed the acquisition of Binani Cement after investing Rs 79,000 million.
On what he suggests to the market investors Kunal Shah of Yes Securities told, "The fundamentals of the company seem sound and we recommend buy for an upside of near 19 per cent from its current market price in short-term perspective."
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However, Simi Bhaumik — A SEBI registered technical analyst cautioned investors citing, "The Ultratech scrip will become weak if it goes below Rs 3,750 per share levels. So, a trader must maintain a stop loss while taking any position in this scrip." She advised investors to maintain a stop loss below Rs 3,750 levels while buying UtltraTech Cement stock.
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