The Street rewarded Orient Cement Ltd’s stock for its stellar March quarter earnings. To be sure, Orient Cement is operating at 92% capacity utilization. Orient Cement is estimated to have nearly 50% exposure to Maharashtra. But predicting cement prices is tricky. In short, further upside in Orient Cement’s stock price depends on how soon and sharply realizations improve.

Source: Mint May 05, 2019 18:33 UTC