Moneycontrol Be a Pro
Get App
Last Updated : May 02, 2019 01:51 PM IST | Source: Moneycontrol.com

Buy Orient Cement; target of Rs 143: Anand Rathi

Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 143 in its research report dated April 30, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Anand Rathi's research report on Orient Cement


A huge price increase in Q4 improved Orient Cements? overall performance, further augmented with some respite in cost pressures. Its new capacity-addition plans have slowed down. Thus, pressure on its balance sheet is expected to ease, though we anticipate that strong demand and higher cement prices in its key operating region would stabilise, resulting in better performance in FY20.


Outlook


We retain our Buy rating, with a higher target of `143.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on May 2, 2019 01:51 pm
Loading...
Sections
Follow us on
Available On