New Delhi, March 25 -- Ultratech Cement share price surged as much as 3.20 per cent on Tuesday's trading session after global brokerage firm UBS upgraded the stock to 'buy'. At 10:30 am, Ultratech Cement stock was trading at Rs.11,428 on NSE.

The global brokerage firm has also increased the target price from Rs.9,000 to Rs.13,000.

The brokerage maintains a positive outlook on the sector, highlighting structural cost savings, price stabilization following an 8 per cent decline in 9MFY25, and consolidation driven by UltraTech Cement and Ambuja Cement.

UBS has upgraded its ratings for multiple cement stocks and increased target prices across the board.

The brokerage firm has upgraded Ambuja Cement to a 'buy' rating, increasing its target...