In its latest research report, Stocksidea. com said that Bheema Cements Ltd can give good returns in the short term.

The research report further stated that, if the counter is successful to breach Rs 76.40 levels, then it will create a huge breakout.

The investors are advised to hold the stock to achieve a target price above Rs 97.

Furthermore, the firm has suggested a support level for the scrip at Rs 58.

Today (Sep 23), the shares of the company opened at Rs 64.55 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 6.31 & 10.23 respectively. The share price has seen a 52-week high of Rs 82.85 and a low of Rs 24.50 on BSE.

Bheema Cements has been in the cement business for more than 22 years with Cement Plant situated in Ramapuram Village, Nalgonda District AP. It has its individual captive mines beside the factory with established reserves of 187 million tons.

The company is amplifying production from 1.5 lac tons to 9 lac tons annually and the growth will be finished in the existing year.

Moreover, the company will also be one of the very few Cement making plants to have Coal Stacker Re-claimer to perk up the coal homogeneity and develop the output and superiority of clinker. It also has a high-tech lab plant that is among the best in Industry.