Business
Buy Star Cement; target of Rs 275: Anand Rathi
Buy Star Cement; target of Rs 275: Anand Rathi
About this update from Star Cement Ltd.
Anand Rathi's research report on Star CementThe Meghalaya clinker-unit stabilisation along with the better demand-pricing environment in its operating region (East/North east) aided Star’s overall performance. Targeting 18-20m-tonne capacity by FY30, the ongoing expansion would take capacity to 11.7m tonnes. A higher RE share, rise in operating efficiency and incentives (on new capacity), etc. would help.OutlookWe retain our Buy rating, at a higher 12-mth TP of Rs 275 (earlier Rs270), 12x FY27e EV/EBITDA.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Star Cement - 27052025 - anand