India's Star Cement rises on unit getting mining lease

Star Cement

25/08/2025 08:46

** Star Cement STAT.NS rises as much as 3.6% to 286.56 rupees

** Stock set to gain for second straight month; up 15.7% so far in August

** Co's unit declared as preferred bidder for mining lease of Parewar limestone block in e-auctions conducted by Government of Rajasthan

** Co says block has area of 960 hectares with estimated limestone resource of 271.38 mln tonnes

** Stock rated "buy" on avg; median PT is 287.5 rupees, per data compiled by LSEG

** STAT last up 2.7%, taking YTD gains to 19.2%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))