UltraTech Cement outperformed in Q1 2024 despite challenges. Cost reduction plans, capacity expansion, and strong financials position it well for future growth. The stock’s appeal to investors is supported by diverse strengths.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024