scorecardresearchWhy Axis securities sees over 23% upside in this cement stock despite a 35% correction in last 6 months

Why Axis securities sees over 23% upside in this cement stock despite a 35% correction in last 6 months

Updated: 14 Jul 2022, 07:48 AM IST
TL;DR.
Orient Cement reported revenue of 2,725 Crore a 17% increase year on year.The sales volume stood at 5.5 mtpa with a growth of 8% in FY22. The Board declared an interim dividend of 0.75/share and has now proposed a final dividend of 1.75/share for FY22.
Shares of Orient Cement ended at Rs. 114.10 on the BSE in Wednesday's trade, down 1.72 per cent. The stock has fallen 38.37% from its 52-week high.

Shares of Orient Cement ended at Rs. 114.10 on the BSE in Wednesday's trade, down 1.72 per cent. The stock has fallen 38.37% from its 52-week high.