UltraTech Cement spurs de-rating risk; EV truck plan after broker warnings
UltraTech Cement is tied to near-term market moves after brokers warned of possible short-term de-rating and sector selloffs. The company also plans 600+ electric trucks by Dec 2026.
UltraTech Cement Limited (NSE:ULTRACEMCO) spurred near-term market moves and sector selloffs after brokers warned of possible short-term de-rating, even as the company plans to deploy 600+ electric trucks by Dec 2026 to cut ~39M litres diesel and ~117,000 tonnes CO2 annually. Previous Week Recap This…