Cement consumption in the Eastern region (131 Kg) is although lower than the national average (195 Kg), the market is likely to witness positive change in near future.
Brokerage firm Centrum Broking has given a 'buy' call to potential investors for shares of Star Cement, La Opala RG, and Can Fin Homes
The Buyback would help in improving return on equity by reducing the equity base, and will lead to long term increase in shareholders' value
All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E
Star Cement is also eyeing acquisition of stressed cement plants and companies