Deccan Cements is a small-sized cement manufacturer having an impressive track record of consistent performance. The firm has produced solid operating metrics even in competitive market conditions. The management is planning to double the cement capacity from the current levels.
In recent weeks, Deccan Cement’s stock has retraced 30 percent from the 52-week highs and is once again trading at attractive valuations with respect to its peers. Here’s why MC Pro thinks it’s a good time to buy the stock.
HDFC Securities is bullish on Deccan Cement has recommended buy rating on the stock with a target price of Rs 535 in its research report dated February 13, 2021.
Net Sales are expected to decrease by 1 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 160.1 crore, according to HDFC Securities.
Bajaj Auto | Laurus Labs | M&M | Bhushan Steel | SPARC | Deccan Cement are stocks, which are in news today.