Anand Rathi has given Buy recommendation for Heidelberg Cement with a target price of Rs. 313 in its research report issued on May 31, 2021

Anand Rathi’s research report on Heidelberg Cement

The complete-lockdown-hit low-base quarter aided its Q4 volume growth; rising input costs, however, slashed Heidelberg’s operating performance. Its focus remains on brand positing and increasing the share of premium cement along with reducing the share of grid power. While the Zuari-merger evaluation and clearance of the Gujarat expansion continues, management is exploring expansion opportunities in the Central region.