Espresso shot of the day – Star Cement Ltd up by 6.61 percent

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Espresso shot of the day – Star Cement Ltd up by 6.61 percent

August 13, 2021
Espresso shot of the day – Star Cement Ltd up by 6.61 percent

STAR CEMENT LTD 116.10 (+6.61%) BSE – INE460H01021 | 13TH AUGUST 2021


Star Cement Limited is the largest cement manufacturer in North East India. Their plant is spread across 200 hectares of land in the idyllic town of Lumshnong, a strategic location in Meghalaya that ensures easy availability of high-grade limestone. Their brand, Star Cement, has established itself as the most accredited brand of the region on grounds of both quality and fair pricing.

Recent Drivers

  • On Aug 13, 2021, the net profit of Star Cement rose 56.98% to Rs 67.99 crores in the quarter ended June 2021, as against Rs 43.31 crore during the previous quarter ended June 2020.
  • On Aug 13, 2021, net sales of Star Cement rose 75.06% to Rs 511.12 crores in the quarter ended June 2021, as against Rs 291.97 crores during the previous quarter ended June 2020.
  • On Aug 13, 2021, Star Cement announced its Board’s approval to buy back up to Rs 82 lakh shares at a price of Rs 150 per share through the tender offer route for an aggregate consideration of Rs 123 crores.
  • On May 26, 2021, Star Cement has incorporated M/s. Star Cement North East Limited in Assam as a wholly-owned subsidiary company.
(Sources: Business Standard,  Live Mint, BSEindia)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.65%
  • 3 months avg. volume of NSE: 8,98,901
  • Quantity traded: 5,72,349 | Deliverable quantity: 1,65,841 (28.98%)
  • Stock price has jumped more than 45% from one-year low level: 80.00 (Sept 22, 2020)
  • Daily RSI (14) is at Oversold territory today
  • 52-week-high: 119.00 | 52-week-low: 80.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 171.00

139.25

119.50

87.75

68.00

36.25

16.50

-

Fibonacci Pivot

139.25

119.58

107.42

99.60

87.75

75.91

68.08

55.92

36.25


Today’s Close

116.10

SMA

BSE

10 DAY

110.68

20 DAY

111.37

50 DAY

110.14

200 DAY

100.47


Some Key Ratios (Source: BSE)

Market Cap: 4,788.3 crores

PE: 27.30

OPM %: 15.81

ROE %: 13.75

Promoters holding %: 66.21

Prev. Close: 108.90

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.