ICICI Securities has buy call on Orient Cement with a target price of Rs 93. The current market price of Orient Cement Ltd. is Rs 87.15.
Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1694.26 Crore) operating in Cement sector.
Financials
For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 477.50 Crore, up 16.36 % from last quarter Sales of Rs 410.36 Crore and down -7.28 % from last year same quarter Sales of Rs 514.99 Crore. Company reported net profit after tax of Rs 34.82 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, DIIs 26.5 per cent and public and others 33 per cent.
