Buy Star Cement, target price Rs 257: ICICI Securities

economictimes.indiatimes.com:

Star Cement with a target price of Rs 257. The current market price of Star Cement Ltd. is Rs 209.9.

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8443.73 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 30-06-2024, the company has reported a Consolidated Total Income of Rs 752.39 Crore, down -18.34 % from last quarter Total Income of Rs 921.36 Crore and down -2.19 % from last year same quarter Total Income of Rs 769.20 Crore. Company has reported net profit after tax of Rs 30.99 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 66.49 per cent stake in the company as of 30-Jun-2024, while FIIs owned 1.61 per cent, DIIs 5.03 per cent.