Andhra Cements News Today

Know what stocks veteran bulls are eyeing, what the bears are ganging up against, major deals and all the inner goings-on from Dalal Street

Analysts are confident about Sagar Cements as the ramp-up in new capacities will support the company’s revenue growth over two years.

Geojit Financial Services is bullish on Sagar Cements has recommended buy rating on the stock with a target price of Rs 246 in its research report dated March 28, 2024.

Sagar Cements net consolidated total income stood at Rs 673.14 crore in Q3 FY24, a growth of 14.09 per cent from Rs 590.02 crore it recorded in the similar quarter last year.

Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.

Analysts say the railway sector is on a secular growth trajectory driven by a cyclical upturn in spending on rolling stock and greater government thrust on expanding the railway network

Sagar Cements net consolidated total income stood at Rs 589.56 crore in Q2 FY24, a growth of 20.45 per cent from Rs 489.48 crore it recorded in the similar quarter last year.

The investors who looked beyond Nifty have been handsomely rewarded. While Nifty has moved 1,736 points since the last Independence Day, which is a 9.8% gain, (Friday, August 12, 2022), the Nifty MidCap 100 has rallied 6,964 points or 22.61% and Nifty SmallCap 100 has traversed 2,241 points or 23.78%.

India-based Andhra Cements Ltd, part of Sagar Cements, has relaunched the clinker line at its 1Mta integrated Durga Cement Works in Dachepalli Mandal...

Sagar Cements should continue to see a healthy revenue growth in FY24, driven by new capacities and robust end-market demand.