STAR CEMENT BREAKOUT/ Bullish Structure

Star cement is good Stock fundamentally as well as Technicaly. It's moved from 220 to 297 . It's moving in a pattern you can see in chart . Now again it's at breakout level of its give movement above 300 then again 4 -5% move may give very fast . It's a high Momentum Stocks.

About company
Star Cements Ltd is engaged in manufacturing and selling of Cement Clinker & Cement. It sells its products across north-eastern and eastern states in India. It is the largest cement manufacturer in North-east India.

Key Points for star cement
Product Offerings
Ordinary portland cement (OPC), Portland Pozzolana cement(PPC), Anti-rust cement (ARC), Portland Composite Cement (PCC) and Weather Shield Cement (WSC)

Market Share
The company is the largest cement player in North-east India with ~24% market share. Star Cement has one of the finest limestone reserves.

Business-wise Sales
In Q1FY23, trade sales (sales to distributors & dealers) accounted for 86% of revenues while non-trade sales (sales to direct customers) accounted for the remaining 14% revenues.

Manufacturing Capabilities
Co. has 6 manufacturing facilities out of which 3 are situated in Meghalaya and 2 in Assam and 1 in West Bengal. The production capacities are as follows -
Clinker: 2.8 MTPA
Cement: 5.7 MTPA
Power: 51 MW & 12.3MW WHRS
The company plans to take cement capacity
to ~10MTPA by FY26.

Improvement in Capacity Utilization
The capacity utilization of the clinkerisation units was at ~86% during the FY22 as against ~75% during FY21.

Capex Plans
The company plans to expand:
A 3.3 MTPA clinker unit with 10 MW WHRS at
Lumshnong for ~Rs. 1,300 Cr.
B Two grinding units and 800 TPD AAC block
plant in Assam for ~Rs 950 Cr.
C 24 MW Captive solar power plant in
Guwahati, Assam for ~Rs 110 Cr.