UltraTech Cement’s Positives Priced In, Says Dolat Capital; Maintains ‘Reduce’ Rating Post Q3 Results — Check Revised Target Price
UltraTech Cement Ltd. posted a stronger‑than‑expected performance in Q3 FY26, with realizations broadly in line with estimates while operating metrics exceeded expectations, according to Dolat Capital. The brokerage expects healthy growth momentum over FY25–28E, projecting a revenue/Ebitda/adjusted profit after tax CAGR of 12.3%/25.1%/31.9%, driven by improving volumes and steady price trends. Volume growth is estimated…