India's Star Cement rises on output expansion

Star Cement

22/04/2024 10:16

** Shares of India's Star Cement  STAT.NS  up 1.8%,
cooling-off from session-high 2.6% jump 
    ** Cement maker said on Sunday it started commercial
production at new clinker line in Meghalaya state
    ** "Buy"-rated stock last trading at 231.05 rupees, 19%
higher than avg PT set by 10 analysts  - LSEG data
    ** YTD, stock has gained 31% after a ~57% jump in 2023 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))