Centrum is bullish on Star Ferro & Cement has recommended buy rating on the stock with a target price of Rs 125 in its research report dated February 09, 2017.
Centrum's research report on Star Ferro & Cement
The cement manufacturer is also shirking its debtor days, which, coupled with the clearance of subsidy backlogs by the central government can boost its cash-flow, and accelerate deleveraging. SFCL’s reverse-merger into Star Cement (by end of FY17) will simplify its corporate structure without any equity dilution. Maintain BUY with revised TP of Rs 125.
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