Buy Heidelberg Cement; target of Rs 313: Anand Rathi
Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 313 in its research report dated May 31, 2021.
June 10, 2021 / 12:02 PM IST
Anand Rathi's research report on Heidelberg Cement
The complete-lockdown-hit low-base quarter aided its Q4 volume growth; rising input costs, however, slashed Heidelberg’s operating performance. Its focus remains on brand positing and increasing the share of premium cement along with reducing the share of grid power. While the Zuari-merger evaluation and clearance of the Gujarat expansion continues, management is exploring expansion opportunities in the Central region.
We retain our Buy, with a TP of Rs313 (earlier Rs288).
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