Stocks to buy/sell: These 6 cement companies' shares have upside potential to yield up to 17% return in short term
Stocks to buy: Goldman Sachs and Kotak Institutional Equities have recommended 6 stocks from the cement sector having the potential to yield up to 17 per cent return in short term. One may consider the brokerage recommendations for positive yield.
(Disclaimer: The advice given here to invest in stocks is given by a brokerage house. These are not the views of Zee Business. Consult your advisor before investing.)
Shree Cement
Goldman Sachs has downgraded the rating for Shree Cement from ‘Neutral’ to ‘Sell’ but has increased the target price to Rs 23,550 apiece from Rs 22,100 per share. On March 2, the stock ended at Rs 26,577 apiece. Image source- Pixabay
Dalmia Bharat
Goldman Sachs has upgraded the rating from ‘Sell‘ to ‘Neutral’. Brokerage has also increased the target price on the stock to Rs.1950 apiece from Rs 1725 per share. The stock of the cement company closed at Rs 1,846 per share on March 2. Image source- Pixabay
UltraTech Cement
Goldman Sachs has maintained a ‘Buy’ rating on shares of UltraTech Cement and has increased the target price from Rs 7650 per share to Rs 8500 apiece. The scrip of UltraTech Cement finished at Rs 7,289 per share on March 2. Image source- Pixabay
Grasim Industries
Kotak Institutional Equities has tagged 'Add' rating on shares of Grasim Industries for a price target of Rs 1700. The stock settled at Rs 1598.50 apiece on NSE on Thursday (March 2). Investors can earn Rs 100 profit per share.
JK Cement
Kotak Institutional Equities has tagged 'Reduce' rating on JK Cement shares. It has cut the target price to Rs 2300, implying almost a downside of 17 per cent from the current market price. Shares of JK Cement finished at Rs 2870.85 on Thursday.
Nuvoco Vistas Corp
Kotak Institutional Equities has tagged 'Add' rating on Nuvoco Vistas Corporation shares for a target of Rs 410. Shares of the building material company settled at Rs 348.6 apiece on NSE on Thursday.