ADVERTISEMENT

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.

<div class="paragraphs"><p>Star Cement has set a target to elevate its Green energy share to 55% by FY26, </p><p> (Photo source: Freepik)</p></div>
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.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit