Cement News

Orient Cement stocks: Add Orient Cement, target price Rs 130: ICICI Securities


has add call on with a target price of Rs 130. The current market price of Orient Cement Ltd. is Rs 124.75.
., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2519.89 Crore) operating in Cement sector.

Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 715.15 Crore, down -11.26 % from last quarter Total Income of Rs 805.85 Crore and up 3.20 % from last year same quarter Total Income of Rs 693.00 Crore. Company reported net profit after tax of Rs 37.42 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.83 per cent, DIIs 13.32 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



Source link