Star Cement

The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December

Elara Capital believes Star Cement is well placed to report healthy performance from hereon led by healthy volume growth due to ramp-up of recently added capacity and completion of ongoing project.

Star Cement's net profit dropped 10.3 per cent to Rs 87 crore from Rs 96 crore year-on-year (Y-o-Y), while revenue rose 9.2 per cent to Rs 913 crore compared to Rs 829 crore in the same period last ye

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

Shares of Star Cement advanced 5.3 per cent to its fresh 52-week high on the BSE in Friday's intraday trade. Since February 12, various promoter entities have been acquiring stake via open market

Nomura estimates margins to expand on stronger volume growth, pricing discipline and relatively lower fuel cost

In a bid to capitalise on the anticipated growth in cement demand in East and Northeast India, Star Cement is fast-tracking its expansion plans in both greenfield and brownfield projects, so that the total capacity reaches 9.7 million tonnes per year by 2025-26, an official said on Friday. The largest player in the Northeast at present, Star Cement's current installed capacity is 5.5 million tonnes. "By the end of 2023, our capacity will be 7.7 million tonnes, and by 2025-26, it will reach 9.7 million tonnes," said Star Cement CEO Vineet Kumar Tiwari told PTI. He was speaking on the sidelines of the 6th Cementing India conference organised by the Indian Chamber of Commerce. The total investment for the expansion plan is around Rs 2,200 crore, of which Rs 1,000 crore has been invested so far, Tiwari said. Speaking about Guwahati brownfield expansion, he said it is rolling out a two million-tonne fresh annual grinding unit that will commence commercial production by December. The .

Enhanced capacity utilisation, backed by the government's thrust on infrastructure development in the NER and better pricing power would enable Star to register revenue and earnings by going forward

The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said

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Cement consumption in the Eastern region (131 Kg) is although lower than the national average (195 Kg), the market is likely to witness positive change in near future.

Brokerage firm Centrum Broking has given a 'buy' call to potential investors for shares of Star Cement, La Opala RG, and Can Fin Homes

The Buyback would help in improving return on equity by reducing the equity base, and will lead to long term increase in shareholders' value

All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E

Star Cement is also eyeing acquisition of stressed cement plants and companies