UltraTech Cement Cluster: Ugly Duckling Recommendation: Buy Price target: Rs940 Current market price: Rs740 UltraTech-Samruddhi merger; swap ratio 4:7 Key points The boards of directors of UltraTech Cement (UltraTech) and Samruddhi Cement (Samruddhi), a wholly owned subsidiary of Grasim Industries (Grasim), have approved Samruddhi?s merger with UltraTech. The … [Read more...]