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Buy UltraTech Cement, target of Rs 500: VCK Share

Posted on: January 20th, 2009 and is filed under Brokerage Recommendations.

VCK Share and Stock Broking Services has recommended a buy rating on UltraTech Cement with a target of Rs 500 in its research report. “For the quarter Q3FY09, the total cement production was 3.80 million MT vs 3.40 million MT during Q3FY08. The net sales increased by 18.15% from Rs 1380.18 Cr during Q3FY08 to Rs 1630.76 Cr during Q3FY09. We recommends “BUY” with a price target of Rs 500,” says VCK Share and Stock Broking Services’ research report.

source: Moneycontrol

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