• SENSEX
    NIFTY 50
Earnings

Why brokerages are bullish on this cement major despite a 40% decline in net profit in June quarter

Updated : July 21, 2020 12:35 PM IST

Despite the decline in profit, the stock surged nearly 7% to Rs 1,422.95 per share on BSE in intra-day deals.
Brokerage houses CLSA and Jefferies raised the target price for the stock while maintaining a 'buy' call post the results.
However, the stock has lost over 9% in the last one year and declined 3% since the beginning of this year.
Why brokerages are bullish on this cement major despite a 40% decline in net profit in June quarter

You May Also Like

Live TV
Advertisement