Street View: UltraTech Cement's quarterly results runaway hit, outlook bright

UltraTech Cement reported a 27% year-on-year increase in third-quarter net profit and a 23% rise in net sales, driven by a 15% increase in sales volumes. Following the results, the stock received multiple price target hikes and rating upgrades from various research firms, highlighting its strong operating performance and market position. Analysts from PhillipCapital, Emkay, Systematix, and Elara Securities expressed confidence in the company's growth prospects, citing its capacity, cost-saving abilities, and expansion plans as key strengths.