India's Orient Cement rises 4.6% on seeking price hike
03/04/2023 10:23
** Indian cement co Orient Cement Ltd's ORCE.NS shares
rise as much as 4.7% to 115.1 rupees, its largest intraday pct
gain since March 20
** Cement co is looking to hike prices by 40-50 rupees per
bag in South India, CEO and MD Deepak Khetrapal tells CNBC TV18
in an interview
** Stock on track to finish higher for third consecutive
session, if gains hold
** Six of 10 analysts rate the stock "buy" or "strong buy",
3 "hold", and 1 "sell"; median PT is 146.5 rupees
** Nearly 445,000 shares traded, as of 2:24pm IST, 0.9x the
30-day moving average
** Stock down 10.6% this year, as of last close
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com;))