Stock market analysts are of the view that investors can buy India Cements Ltd stock to achieve an intraday target of Rs 119.

According to them, investors can buy the stock above Rs 116 with a strict stop loss of Rs 112.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 125.

Shares of the company, on Thursday (Dec 03), closed at Rs 116.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 180 and a low of Rs 82 on BSE.

Current EPS & P/E ratio of the stock stood at 15.76 & 7.41 respectively.
 
For the three month period quarter ended September 30, India Cements announced a 2% growth in its net profit, which stood at Rs 136.94 crore.

The cement manufacturer had posted a net profit of Rs 134.27 crore during the corresponding period of the last year.

The company’s total income came up to Rs 994.92 crore during the second quarter as against Rs 929.64 crore in the same period of the last year.

For the first six months ended September 30, the company’s net profit surged 1.74% to Rs 281.22 crore over the year-ago period.

During the first six month period ended September 2009, the company’s total income rose to Rs 1,955.17 crore as compared to Rs 1,805.88 crore during the last fiscal.