Buy Star Cement, target price Rs 271: ICICI Securities
Star Cement with a target price of Rs 271. The current market price of Star Cement Ltd. is Rs 210.
Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8480.11 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.
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