Economic gloom has not spared any industry and that includes something as core as cement. The sector is battling weak demand and despite its leadership position in the North East region, Star Cement has logged weak financial performance in FY20. While sales and profit recovered in the second quarter, its first quarter performance has left a dent. Subdued cement prices, elevated fuel cost and erratic monsoon are just a few factors that are hurting Star Cement’s financials. This is also reflecting in its stock price, which has corrected nearly 35% on the back of institutional selling from its 52-week high of Rs.137 in June.
Cash for Clinker
As Star Cement’s stock price heads south, promoters sell shares worth ₹290 million
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Scriptures for success
Kripa Mahalingam - January 27, 2015
Where's the party tonight?
Aditi Saxena - January 27, 2015