UltraTech Cement Share Price Down 2%; But Brokerage Maintains ‘Buy’ With 15% Upside | Check Target Price

UltraTech Cement Share Price Today: Shares of UltraTech Cement traded lower during Friday's intraday session, despite brokerages' bullish calls on the stock. With the stock correcting nearly 2.1% over the past two weeks, analysts believe the recent dip could present a potential buying opportunity for investors.

UltraTech Cement shares were trading 1.73% lower at Rs 12710 per share on BSE at 11 am. The stock had dipped to an intraday low of Rs 12642 per share and an intraday high of Rs 12892 per share.

UltraTech Cement Share Price Recommendation

The company has consistently outperformed the industry growth led by organic expansion and strategic acquisitions. The company's market share is expected to increase to 32% by the financial year 2028, according to the Motilal Oswal report.

The brokerage gave a 'Buy' rating for the stock, indicating a 15% upside in its valuation. "We estimate a consolidated revenue/EBITDA/PAT CAGR of ~12%/18%/22% over FY26-28, aided by ~10% volume CAGR and ~2pp OPM expansion to ~21% by FY28. Profitability improvement and disciplined capex should lift the RoE/ RoCE to ~14%/~13% by FY28 (vs. ~11%/~10% in FY26E)," read a report by Motilal Oswal released on Friday, February 27.

UltraTech Cement Share Price Target

Motilal Oswal has given a 'Buy' rating with a target price of Rs 15,000 per share. "Earnings trajectory is bolstered by capacity ramp-up, cost efficiencies, and a strong demand environment due to the recovery in infra and housing. We value UTCEM at 19x FY28E EV/EBITDA to arrive at our TP of INR15,000. Reiterate BUY."

UltraTech Cement Share Price Trend

The stock opened lower on Friday, and dipped to its 52-week low of Rs 10,053 per share on 28 February, 2025. UltraTech Cement shares touched a 52-week high of Rs 13,104 per share on 10 February, 2026. It has a return on equity (ROE) of 12.44%. UltraTech Cement's share price value has declined around 2.14% in two weeks but has jumped close to 21.76% in one year.

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