Check now if you own this Low PE, High RoE and High Dividend Yielding Cement Stock that closed at all time high on Thursday
The share price of HeidelbergCement India jumped higher by 0.57 per cent on Thursday to close at Rs 275.80 per share. On closing basis, the stock has made a fresh all time high on Thursday.
The share price of HeidelbergCement India has jumped higher by 7.59 per cent in one month. In five days alone the stock is up by more than 4.8 per cent while in 2021 the shares of HeidelbergCement India have gained more than 22 per cent. In one year the stock of HeidelbergCement has jumped higher by 46.24 per cent.
On weekly chart the shares of HeidelbergCement have given a positive price volume breakout, also reflecting a bullish engulfing pattern. On daily chart a bullish moving average crossover is seen with 20D SMA crossing over the 50D SMA from below, indicating bullishness in the counter.
HeidelbergCement India is one the high dividend yielding company, with the current dividend yield at 2.90 per cent. Within the cement sector Ambuja Cements reflects a dividend yield of 4.18 per cent.
With PE multiple of 18.68 HeidelbergCement carries a PE lower than the industry PE. The ROE is above industry average for HeidelbergCement reflecting higher management efficiency. HeidelbergCement has delivered good profit growth of 55.05 per cent CAGR over last 5 years.
HeidelbergCement India should be on investors watchlist!