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    HomeNewsBusinessStocksBuy Star Cement; target of Rs 270: Anand Rathi

    Buy Star Cement; target of Rs 270: Anand Rathi

    Anand Rathi is bullish on Star Cement has recommended buy rating on the stock with a target price of Rs 270 in its research report dated February 09, 2025.

    Broker Research
    February 10, 2025 / 13:07 IST
    Buy

    Buy

     
     
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    Anand Rathi's research report on Star Cement

    As market leader, Star Cement’s Q3 volume growth outstripped northeastern demand growth, but its operational performance was hit by the delayed Meghalaya clinker stabilisation, higher maintenance shutdown cost, higher freight on a highway being constructed, etc. The ongoing expansion would take capacity to 11.7m tonnes with higher incentives.

    Outlook

    We retain our Buy rating, at a higher 12-mth TP of Rs270 (earlier Rs251), 12x FY27e EV/EBITDA.

    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.

    Star Cement - 10022025 - anand

    Broker Research
    first published: Feb 10, 2025 01:06 pm

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