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4 Cement Stocks Touching Their 52-Week Low, Good Opportunity To Buy?
When investors invest in stocks they consider several aspects and one of the key aspects is when the stock hits its 52-week low level.
When investors invest in stocks they consider several aspects and one of the key aspects is when the stock hits its 52-week low level. The point for buying a stock at its 52-week low level is that it can offer crucial bargains to investors. When a stock touches 52-week low, it indicates that the stock is just near its current 52-week low. It has emerged a crucial indicator for scores of investors in making decisions to buy, sell, or hold the stock.
Below are the 5 leading cement stocks that have hit their 52-week low level:
1. UltraTech Cement Ltd
The current market price of UltraTech cement is Rs 5471 apiece (around 1:03 pm) with a loss of 1.08%. The stock has touched its 52-week high and 52-week low at Rs 8269 apiece and Rs 5410 apiece, respectively. With today's decline, the stock is just 1.11% away from its previous 52-week low. The company has several strong financials that may include its high TTM EPS growth, robust Q4 report, apart from being part of prestigious Aditya Birla Group that significantly helps the brand.
The market capitalization of UltraTech is Rs 157,894 crore as of writing this report. The P/E is 21.50 which is low than the sector P/E of 26.28. The EPS of the company is 254.31. The company posted a jump of 47.6% YoY in its consolidated net profit at Rs 2,620 crore for the quarter ending March 31, 2022. It also has great dividend track report and consistently announced dividends for the last 5 years. At the CMP of the stock, the dividend yield is 0.7%.
Should You Buy?: Renowned brokerage firm ICICI Securities has maintained a buy call for the stock for a target price of Rs 8500.
2. Shree Cement Ltd:
The current market price or CMP of the stock as of writing the report is Rs19,142 apiece. The stock's 52-week high and 52-week low levels are Rs 31,469 apiece and Rs 19080 apiece, respectively. The stock has almost fallen 50% from its 52-week high and now just 0.52% away from its 52-week low. The market capitalization of Shree Cement is Rs 69,202 crore.
The P/E is 29.68 which is higher than the sector P/E of 26.28. The EPS of the stock is 646.31. The company has a good dividend track record and consistently paid out dividend for the past 5 years without fail. If current share price of Rs 19222.95 is considered, the dividend yield of 0.47%. The company has strong outlook as it is effectively using shareholders' money and its ROE is getting better. It announced a dip of 16% in its standalone net profit at Rs 645 crore for Q4 ending March 31. There is surge in revenue at 15% higher from Rs 3552 crore in the previous quarter.
Should You Buy? Leading brokerage firm ShareKhan has maintained a buy rating with a potential return of 19%.
3. Ambuja Cement Ltd:
The current market price of Ambuja Cements is Rs 366.40 apiece. It has touched 52-week high of Rs 442 apiece and 52-week low of Rs 274 apiece, respectively. The market cap is Rs 72793 crore. The P/E of the stock is 20.20 which is higher than the sector P/E of 26.28. The EPS of the stock is 12.55.
The stock has fallen in the last few days and now it is 25% away from its 52-week low. The company has strong financials and brokers have also upgraded its recommendations of late. At the current share price of Rs 366, the dividend yield is 1.72%. The company has declared dividend in the past 5 years and has a great dividend track record. It did not post attractive Q4 results with net profit declining 55.5% to Rs 431 crore.
Should You Buy? Several brokers expect that the stock can offer 6% potential return if you buy it at current CMP.
4. Dalmia Bharat Ltd
The current market price of the stock is 1283. The 52-week high and 52-week low of the stock is Rs 2548 apiece and Rs 1228 apiece. The stock is now just 4% away from its 52-week low range. The stock has some strong points like robust QoQ EPS growth in recent results. Brokers have also upgraded the rating for the stock and giving recommendations to buy it.
The market capitalization of the stock is 24095 as of writing this report. The P/E of the stock is 21.34 which is higher than the sector P/E of 21.34. The EPS of the stock is 60.26. When it comes to Q4 results, the company declared a 6% dip in profit to Rs 600 crore for Q4 ending March 31. Meanwhile, revenue from operations jumped 7.26% to Rs 3380 crore. It can be good buy for investors.
Should You Buy: Motilal Oswal in its report 4 weeks ago maintained a buy rating for the stock for a target price of Rs 1915 apiece.
