He expects the strong quarterly performance to support the ongoing rally. Pal identified strong support at ₹12,350–₹12,450, sees it rising towards ₹12,800–₹13,000 levels in the short term. Any dip toward support can be seen as a buy-on-dip opportunity, with a stop-loss below ₹12,200. Financial Independence notes that it reported a strong quarter driven by volume growth, pricing strength, and cost optimization. While its margin expansion and per-ton efficiency underline execution strength, the focus now shifts to capacity utilization and sustaining pricing in a rising input cost environment. Ultratech shares have risen 8% year-to-date (YTD). For updates and corrections, email newsroom[at]stocktwits[dot]com. MENAFN22072025000070015968ID1109830511