Brokerages Initiate Coverage On Cement Sector, Suggest 3 Stocks To Buy For Gain

2 brokerages have recommended investors to buy 3 stocks operating in cement sector and showing potential to rally. The stocks are Sagar Cements, JK Lakshmi Cement, and UltraTech Cement. If you buy these stocks now, you can obtain maximum 34% return soon. Check details pertaining to the stocks below:

1. Buy Sagar Cements: ICICI Securities has recommended investors to buy Sagar Cements with target price of Rs 250 apiece. Current market price of the small cap cement stock on BSE is Rs 187.00 apiece with intraday jump of 2.07%. If you buy Sagar Cements share now, you can fetch potential upside of 34%. The stock's 52-week high price is Rs 273.90 apiece and 52-week low price is Rs 155.15 apiece, respectively. The company's market capitalisation is Rs 2,444.23 crore.

The stock declined 24% in last 1-year, gave return of 30% in last 2-years, and rallied 205% in last 3-years.

2. Buy JK Lakshmi Cement: Axis Securities has assigned buy call to JK Lakshmi Cement with target price of Rs 850 apiece. The analyst has asked to maintain the stop loss at Rs 725 apiece. Current market price of mid cap stock on BSE is Rs 779.60 apiece with intraday surge of 1.63%. If you buy JK Lakshmi Cement now, you can fetch potential upside of 9%. The company's 52-week high price is Rs 897.00 apiece and 52-week low price is Rs 368.65 apiece, respectively.

The company has a market capitalisation of Rs 9,173.56 crore. The stock rallied 33% in last 6-months, 65% return in last 1-year, 80% return in last 2-years, and 298% return in last 3-years.

3. Buy UltraTech Cement: Axis Securities has suggested investors to buy UltraTech Cement with target price of Rs 8200 apiece. The analyst has asked to keep the stop loss at Rs 7270 apiece. Current market price of the large cap cement sector stock is Rs 7572.10 apiece. Its 52-week high price is Rs 7624.00 apiece and 52-week low price is Rs 5158.05 apiece, respectively. If you buy UltraTech Cement share now, you can get likley upside of 8%.

Its market capitalisation is Rs 2,18,596.19 crore. The stock gave 21% return in last 6-months, 14% return in last 1-year, 12% return in last 2-years, and 132% return in last 3-years.

Disclaimer: The stocks have been picked from the brokerage report of ICICI Securities and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.