Orient Cement trades at Rs131 currently, down from around Rs145 last week. The Orient Cement Ltd stock has been beaten black and blue. Also, Orient Cement’s objective to reach 15mt capacity by 2020 could further stretch its balance sheet, they cautioned. Though shares of its competitors Dalmia Bharat Ltd and India Cements Ltd have also been under pressure this year, Orient Cement’s shares have been hit the most. Orient Cement trades at Rs131 currently, down from around Rs145 last week.

Source: Mint May 09, 2018 05:15 UTC