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Yes Securities has buy call on with a target price of Rs 105. The current market price of Orient Cement Ltd. is Rs 93.55.
Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1930.89 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 611.98 Crore, up 27.45 % from last quarter Total Income of Rs 480.18 Crore and up 7.91 % from last year same quarter Total Income of Rs 567.15 Crore. Company reported net profit after tax of Rs 53.88 Crore in latest quarter.
Investment Rationale
With sustained move above short-term averages, a series of ascending tops and bottoms are intact. Positive follow up action could resume prevailing uptrend.
Promoter/FII Holdings
Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 26.5 per cent and public and others 33 per cent.
Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1930.89 Crore) operating in Cement sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 611.98 Crore, up 27.45 % from last quarter Total Income of Rs 480.18 Crore and up 7.91 % from last year same quarter Total Income of Rs 567.15 Crore. Company reported net profit after tax of Rs 53.88 Crore in latest quarter.
Investment Rationale
With sustained move above short-term averages, a series of ascending tops and bottoms are intact. Positive follow up action could resume prevailing uptrend.
Promoter/FII Holdings
Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 26.5 per cent and public and others 33 per cent.
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