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ultratech cement: UltraTech Cement shares rise over 2% on strong Q4 results Should you buy, sell or hold the stock?

UltraTech Cement shares surged 2.4% to Rs 10,200 following robust Q4 results. Consolidated net profit grew 36% YoY to Rs 2,258 crore, exceeding estimates. Revenue rose 9% YoY to Rs 20,419 crore. A dividend of Rs 70 per share was recommended. EBITDA increased 33% YoY to Rs 4,250 crore.

UltraTech Cement crosses ₹3 lakh crore m-cap as shares touch new record high

UltraTech Cement crossed ₹3 lakh crore market capitalisation. Japanese brokerage firm Nomura upgraded UltraTech Cement stock from neutral to buy and raised the target price to ₹11,500 apiece.

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