UltraTech Cement shares slip 1% even as profit jumps 20% in March quarter brokerage optimism grows

Published on 28 April 2026

Why did shares fall as profits surged 20%

UltraTech Cement posted a strong March quarter, with profits rising 20%. Yet its shares dipped around 1%, raising investor questions. Still, multiple brokerages—including Goldman Sachs, Citi, Nomura and others—kept Buy ratings, pointing to improving operations, capacity expansion and sustained financial strength that could drive future growth.

UltraTech Cement profit rose 20% in the March quarter
Shares fell about 1% despite the upbeat earnings
Brokerages retained Buy calls on growth and operational gains
Capacity expansion and financial stability underpin the outlook

#earnings #ultratech cement #stock market #capacity expansion #brokerage

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

UltraTech Cement shares slip 1% even as profit jumps 20% in March quarter brokerage optimism grows

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