German cement maker Heidelberg owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges
The company had reported a net profit of Rs 66.29 crore in the January-March period a year ago.
We expect PAT to register a 25 percent CAGR over FY19-21 and retain our buy rating, at a target of Rs 257 per share.
Emami Cement currently operates three manufacturing facilities at Risda in Madhya Pradesh, Panagrah in West Bengal and Bhabua in Bihar
R Sreesankar of Prabhudas Lilladher is of the view that Ramkrishna Forgings, HeidelbergCement and Capital First are the best picks from the midcap space.
In an interview to CNBC-TV18, Jamshed Naval Cooper, CEO & MD of HeidelbergCement India spoke about the results and his outlook for the company.
Cement stocks like ACC, Ambuja Cements, India Cements, Shree Cement and HeidelbergCement will get astrological support, says Satish Gupta of astrostocktips.
Germany's HeidelbergCement on Monday said it has commissioned the final phase of its Rs 1,500-crore expansion project in India, taking its production to 6 million tonnes per annum (mtpa).
Expanding cement-making capacity in India, Germany's HeidelbergCement on Wednesday commissioned the first phase of its Rs 1,400-crore expansion plans, taking its production to 5 million tonnes per annum (mtpa).