Sagar Cement Ltd BUY
We are pretty enthused by Sagar Cement Ltd’s (SCL) astute
understanding of the cement cycle, meticulous and careful selection of acquisition targets and its relentless focus on cost efficiencies.
SCL is our favorite way to play the cement growth story in south India. We upgrade our price target on the stock to Rs 1,715 (11x FY20 EV/EBITDA) as we introduce estimates for FY20.
Our revised price target implies a potential upside of 88.9% from the CMP of Rs 908 over the next 24 months.
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