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.
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.
We retain our Buy rating, with a higher target of `143.
For all recommendations report, click here
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