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Buy Star Cement, target price Rs 250: HDFC Securities

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July 11, 2024
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Buy Star Cement, target price Rs 250:  HDFC Securities
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HDFC Securities has buy call on Star Cement with a target price of Rs 250. The current market price of Star Cement Ltd. is Rs 210.55.

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8499.91 Crore) operating in Cement sector.

Star Cement Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Others and Scrap for the year ending 31-Mar-2023. Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 921.36 Crore, up 40.55 % from last quarter Total Income of Rs 655.54 Crore and up 9.98 % from last year same quarter Total Income of Rs 837.78 Crore. Company reported net profit after tax of Rs 87.67 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 66.59 per cent stake in the company as of 31-Mar-2024, while FIIs owned 1.52 per cent, DIIs 6.11 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: BuyCementhdfcmarket newsMarketspriceSecuritiesStarStar CementStar Cement LtdStar Cement stocksstockstarget
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