'Buy' UltraTech Cement Reiterates Motilal Oswal, Sees 35% Upside — Here's Why

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Motilal Oswal Report

While UltraTech Cement Ltd. is venturing into a new business segment—Cables and Wires — its core business remains grey cement. The company aims to expand its consumer reach and has identified C&W as a strategic fit, given its immediate adjacencies to the existing core construction value chain.

At the same time, the company continues to strengthen its leadership position in cement through both organic and inorganic expansions beyond FY27. We reiterate our Buy rating on the stock.

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