JSW's cement business had plans for an IPO in the past. According to past media reports, Parth Jindal, the managing director of JSW Cement, had previously mentioned the listing of the cement business in FY20.
HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated July 20, 2023.
HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated May 30, 2023.
HDFC Securities recommended reduce rating on Heidelberg Cement with a target price of Rs 160 in its research report dated February 15, 2023.
The cement production in India is estimated to grow by around 6 percent to 8 percent over fiscal years 2023 and 2024, following a 21 percent jump for the fiscal year ended March 2022, according to a report by Moody’s.
Net Sales are expected to increase by 16.2 percent Y-o-Y (up 9 percent Q-o-Q) to Rs 639.6 crore, according to Prabhudas Lilladher.
Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the asset, which could be valued at about $800 million to $1 billion.
MC Pro puts the spotlights on HeidelbergCement India, betting on its sustainable growth levers that are underscored by strong market position and a solid balance sheet. Given the strong business fundamentals, we believe it has the potential to be a long-term winner for investors. Here’s why
To enhance its scale, the company is expanding its presence in Gujarat, which will add 3 MT capacity over the next 2-3 years.
Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 313 in its research report dated May 31, 2021.
HDFC Securities is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 266 in its research report dated February 12, 2021.
Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 236 in its research report dated October 27, 2020.
HDFC Securities is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 234 in its research report dated October 27, 2020.
Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 231 in its research report dated July 27, 2020.
Anand Rathi is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 207 in its research report dated June 04, 2020.
ICICI Direct is bullish on Heidelberg Cement has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 29, 2020.
ICICI Direct recommended hold rating on Heidelberg Cement with a target price of Rs 220 in its research report dated July 31, 2019.
Net Sales are expected to increase by 5.5 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 566.6 crore, according to Prabhudas Lilladher.
ICICI Direct recommended hold rating on Heidelberg Cement with a target price of Rs 220 in its research report dated May 30 2019.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 30 points or 0.27 percent. Nifty futures were trading around 11,253-level on the Singaporean Exchange.
Net Sales are expected to increase by 6.9 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 561.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 7.2 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 563.4 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 3.5 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 508.2 crore, according to Chola Securities.
Net Sales are expected to increase by 11.6 percent Y-o-Y (up 12.6 percent Q-o-Q) to Rs. 539.8 crore, according to ICICI Direct.