UltraTech Cement shares rise 3% after Q2 results
In short
UltraTech Cement shares rose 3% after its Q2 FY27 results. The company reported net profit up 21% from a year earlier, helped by better operating revenue.
Brokerages changed their views after the numbers, with Jefferies more upbeat and Nomura and Citi more cautious. The exact new targets were not stated in the available reporting.
What the reporting says
UltraTech Cement shares rose 3% after the company reported Q2 FY27 results, with net profit up 21% year on year and operating revenue also improving. The move followed brokerage target changes, with Jefferies lifting its price target while Nomura and Citi trimmed estimates. The reporting does not say the exact new targets or whether the stock’s gains held through the session.
Why it matters
UltraTech Cement shares moved higher after Q2 FY27 results showed 21% net profit growth and better operating revenue, prompting broker action. Jefferies raised its target price, while Nomura and Citi lowered estimates because of higher costs and outside economic pressures. The reporting points to positive investor reaction, but it does not give the updated target prices or a full breakdown of the cost pressures.