Analysts' target prices indicate an upside of about 20 per cent from current levels
Revenue rises 17% to Rs 28,638 cr; cheaper imports from Indonesia create pressure on domestic prices
The overall sentiment towards the cement stocks has remained lacklustre amid a gradual decline in their share prices, and a reduction in GST could help to lift this sentiment.
Aditya Birla Group flagship firm says move comes at an appropriate moment, with the creation of the paints vertical and B2B platform for building material