UltraTech Cement posted a strong Q1 with 49% profit growth and 13% revenue rise, backed by margin recovery and efficiency gains. However, analysts flagged technical weakness near ₹12,700 resistance. Despite bullish long-term fundamentals, including a ₹14,000 crore capex plan, traders are advised caution until a breakout is confirmed. Shares are up 8% YTD.
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01:23 pm on
22 Jul