Feb 22, 2023
Cement companies posted a sharp recovery in operating profit during the third quarter, led by robust uptick in volume, better realisations and stringent cost control measures. Domestic brokerage Sharekhan sees the performance to be largely in-line.
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Healthy demand outlook, coupled with decline in coal/pet coke prices and an increase in cement prices are the key positives for the sector.
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As the brokerage estimates further upside in some of the stocks under its coverage, it has come out with a list of preferred stocks within the space.
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Buy | CMP: Rs 7,427 | Target: Rs 8,100 | Potential gains: 9%
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Buy| CMP: Rs 1,631| Target: Rs 1,900 | Potential gains: 16.5%
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Buy | CMP: Rs 1,932 | Target: Rs 2,250 | Potential gains: 16.5%
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Buy | CMP: Rs 738 | Target: Rs 845 | Potential gains: 14.5%
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