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Star Cement Stock Gets 'Buy' Upgrade, Target Price Raise From Nirmal Bang —Here's Why
Nirmal Bang upgrades the stock to “Buy”, valuing the business at 13.5x Dec’FY26E EV/Ebitda (+1SD above 5-year average) with a target price of Rs 241.
03 Mar 2025, 09:35 AM IST 
Star Cement has set a target to elevate its Green energy share to 55% by FY26,
(Photo source: Freepik)
Star Cement has projected a volume growth of 6-7% YoY, consistent with industry growth throughout the year. However, it anticipates a more robust growth rate of 1314% in FY26. Despite current challenges, these data indicate confidence for the coming years.
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