Buy Star Cement, target price Rs 125: ICICI Direct

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Buy Star Cement, target price Rs 125:  ICICI Direct


ICICI Direct has buy call on Star Cement with a target price of Rs 125. The current market price of Star Cement Ltd. is Rs 106.55.

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 4402.68 Crore) operating in Cement sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 401.90 Crore, up 37.65 % from last quarter Sales of Rs 291.97 Crore and up 5.08 % from last year same quarter Sales of Rs 382.47 Crore Company reported net profit after tax of Rs 61.47 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.8 per cent stake in the company as of June 30, 2020, while FIIs held 0.2 per cent, DIIs 7.5 per cent and public and others 25.5 per cent.





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