Buy Star Cement, target price Rs 250: HDFC Securities
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 sectors
By ETMarkets.com | Updated:
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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.
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.
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.
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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.
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