UltraTech Cement stock: Nuvama raises target to INR 15,209. UltraTech Cement stock at INR 10,907.00
Published on 10/16/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNuvama target shapes outlook
- Nuvama increased its target from INR 14,502 to INR 15,209 on October 14, 2026.
- UltraTech Cement reported INR 246.48 billion in revenue and INR 25.99 billion in net income for the first quarter of fiscal 2027.
- UltraTech Cement stock stood at INR 10,907.00 at 3:28 p.m. IST on October 16, 2026, up 0.41 percent on the NSE.
- The company is scheduled to consider second-quarter results on October 19, 2026, while its P/E was 37.59.
Nuvama increased its UltraTech Cement target from INR 14,502 to INR 15,209 on October 14, 2026, and the new target lies 39.46 percent above the NSE price. The brokerage retained its Buy view, according to The Economic Times. UltraTech Cement stood at INR 10,907.00 on the NSE on October 16, 2026 at 3:28 p.m. IST, up 0.41 percent versus the prior close of INR 10,862.00.
First-quarter growth sets the base
The company reported INR 246.48 billion in revenue for the first quarter of fiscal 2027, up 15.90 percent from the year-earlier period. Net income reached INR 25.99 billion, a 17.00 percent increase, according to The Economic Times. That operating backdrop explains why the new target is the most relevant valuation signal for the stock report.
Price position and trading range
The October 16, 2026 NSE range ran from INR 10,774.00 to INR 10,985.00, while volume reached 182,053 shares against an average of 277,572. The 52-week range was INR 10,325.00 to INR 13,110.00, placing the latest price 16.80 percent below the high and 5.64 percent above the low.
UltraTech Cement's price was 0.41 percent higher than the prior close, a smaller daily move than Dalmia Bharat's 4.62 percent gain but below Shree Cement's 0.65 percent advance. The comparison describes the session rather than offering a forecast.
Valuation and October 19 results
UltraTech Cement had a market capitalization of INR 3.2 trillion, a P/E ratio of 37.59 and a dividend yield of 0.02 percent as of October 16, 2026. The company is scheduled to consider its results for the period ended September 30, 2026, on October 19, 2026, according to BSE Nexus.
Comparison with peers
UltraTech Cement (NSE, INR): plus 0.41 percent, P/E 37.59, market capitalization INR 3.2 trillion.
Shree Cement (NSE, INR): plus 0.65 percent, P/E 49.71, market capitalization INR 810.4 billion.
Dalmia Bharat (NSE, INR): plus 4.62 percent, P/E 33.83, market capitalization INR 315.9 billion.
Stock position after the session
The latest price leaves UltraTech Cement below its 52-week high while the upcoming October 19 results provide the next dated test for revenue, earnings and the market's valuation view. At INR 10,907.00, the stock remains closer to its yearly low than its yearly high.
Market context: Market report BSE Sensex.
