The brokerage firm Nuvama Institutional Equities has maintained a ‘Hold’ rating on UltraTech Cement . The brokerage has set a target price of Rs 13,982 against the current market price of around Rs 12,370. This implies an upside potential of nearly 13% from current levels.

According to the brokerage report, the cement major continues to post steady operational performance and remains focused on expansion, though rising costs and near-term pressures could limit immediate upside.

Let’s take a look at the three key reasons why Nuvama continues to maintain a ‘Hold’ rating on UltraTech Cement despite its strong fundamentals and steady growth outlook.

Nuvama on UltraTech Cement: Volume growth steady, but margins under pressure

UltraTech Cement delivered a 7% year-on-year growth in consol

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