What is the reason for the sharp rally in Ultratech Cements?
Answer
Answer
UltraTech Cements hit a 7-month high of Rs.4334, gaining as much as 15% in the last 3 months. Its operational performance in the Jun-20 quarter had been better than expected with EBITDA margins improving to 31%. Most analysts are betting on rural demand recovery.
Ultratech is the largest cement manufacturer in India by a huge margin and is part of the Aditya Birla group.