Buy India Cements, target Rs 193.40: ICICI Direct

Buy India Cements at a price target of Rs 193.40 and a stop loss at Rs 187.50 from entry point.

ICICI Direct has a buy call on India Cements with a target price of Rs 193.40.

The current market price of India Cements is Rs 190.70.

Time period given is intraday when India Cements price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 187.50.

India Cements, incorporated in the year 1946, is a Mid Cap company (having a market cap of Rs 5,851.81 Crore) operating in Cement sector.

The company’s top management includes Mr.Arun Datta, Mr.K Balakrishnan, Mr.M R Kumar, Mr.N R Krishnan, Mr.N Srinivasan, Mr.S Balasubramanian Adityan, Mr.Suneel Babu Gollapalli, Mr.V Manickam, Mr.V Ranganathan, Mrs.Chitra Srinivasan, Mrs.Rupa Gurunath.
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Company has Viswanathan LLP as its auditors.

As on 30-09-2017, the company has a total of 308,152,201 shares outstanding.
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