Buy UltraTech Cement Limited and Manappuram Finance Limited

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Buy UltraTech Cement Limited:

ultratech-cement

UltraTech Cement Ltd has officially announced a consolidated sales of Rs. 12,522.03 Cr for the third quarter finished on 31-12-2020, which is 19.38% up from its previous quarter sales of Rs. 10,489.10 Cr and 19.01% down from its previous year same quarter sales of Rs. 10,521.95 Cr. The company has reported a net profit after tax of Rs. 1,584.60 Cr in the previous quarter.

Outlook:

UltraTech Cement Ltd: Experts suggested buy call at current market price: Rs. 6,879.5 with a target price: Rs. 6,950; Stoploss: Rs. 6,750.

Buy Manappuram Finance Limited:

Manappuram Finance Limited

Manappuram Finance Ltd has officially announced a consolidated sales of Rs. 1,650.00 Cr for the third quarter finished on 31-12-2020, which is 4.57% up from its previous quarter sales of Rs. 1,577.91 Cr and 16.67% down from its previous year same quarter sales of Rs. 1,414.25 Cr. The company has reported a net profit after tax of Rs. 483.19 Cr in the previous quarter.

Outlook:

Manappuram Finance Ltd: Experts suggested buy call at current market price: Rs. 160.15 with a target price: Rs. 166; Stoploss: Rs. 157.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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