Add UltraTech Cement, target price Rs 11,260: HDFC Securities

HDFC Securities recommends adding UltraTech Cement with a target price of Rs 11,260. The company shows potential growth in the cement sector, driven by expected demand from infrastructure projects and pent-up demand in H2FY25. UltraTech plans to reduce operational costs and increase capacity, which may lead to improved financial performance.