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Buy Sagar Cements; target of Rs 733: Anand Rathi

Anand Rathi is bullish on Sagar Cements has recommended buy rating on the stock with a target price of Rs 733 in its research report dated October 05, 2020.

October 05, 2020 / 15:14 IST
     
     
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    Anand Rathi 's research report on Sagar Cements

    For a view regarding its business operations and outlook, we recently spoke to Sagar Cements’ management. Doubling its capacity every 10 years with greater profitability and less balance-sheet stress remains the core focus. Aiming at 10m tpa by FY25, capacity is to be increased to 8.25m tons by Q2 FY22 and operations extended to the Central and growing Eastern regions. The present strong pricing environment and greater operating efficiencies are expected to result in robust operations.

    Outlook

    With a re-rating on the cards on the greater capacity over the next one year, we retain our Buy rating, with a target price of Rs733.

    For all recommendations report, click here

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    Broker Research
    first published: Oct 5, 2020 03:14 pm

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