SoFi CEO enters prepaid forward contract on 1.5 million shares
On Tuesday, UBS analyst Nikunj Mandowara upgraded UltraTech Cement (NSE:ULTC) Ltd (UTCEM:IN) stock rating from Neutral to Buy and raised the price target significantly to INR13,000.00, up from the previous target of INR9,000.00. Mandowara cited the company’s strong execution abilities, its advantageous position as a key beneficiary of industry demand, and its role in driving sector consolidation as primary reasons for the upgrade.
UltraTech Cement has stood out as the only company in the industry to outperform in both volume and margin terms during a challenging nine-month period in fiscal year 2025. This performance has bolstered confidence in the company’s execution capabilities. UBS forecasts an increase in UltraTech’s volume and capacity market shares, projecting a rise from 26% and 22% in FY24 to 32% and 28% by FY30, respectively.
Despite UltraTech’s aggressive expansion plans, the company has maintained a healthy balance sheet. UBS anticipates further capacity announcement plans beyond FY27 and suggests that there is additional upside potential from mergers and acquisitions. The analyst pointed out that UltraTech is trading at +1 standard deviation above its past five-year mean, indicating a robust compounding narrative.
According to UBS, UltraTech Cement is on track for substantial growth, with expected EBITDA compound annual growth rates (CAGRs) of 31% from FY25E to FY27E, and 14% from FY27E to FY30E. The upgrade reflects the firm’s confidence in UltraTech’s future performance and its ability to capitalize on favorable market conditions and internal operational strengths.
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