Hold Star Cement, target price Rs 227: ICICI Securities

ICICI Securities recommends holding Star Cement with a target price of Rs 227, while it currently trades at Rs 231.55. Star Cement reported a consolidated total income of Rs 643.18 crore for the quarter ended 30-09-2024. UltraTech Cement has approved acquiring an 8.69% non-controlling stake in Star Cement, priced at Rs 235 per share.