The company is sharpening its focus on operational efficiency through higher utilisation, deeper premium-cement penetration and logistics optimisation across its network. The management reiterated that stabilising the acquired Sanghi and Penna assets remains a key priority, with initiatives underway to enhance plant reliability and operational performance over the coming quarters. Further, a calibrated capacity expansion plan, higher green-power adoption and sustained costoptimisation efforts are expected to support performance. We recommend HOLD rating on the stock with a rolled-forward target price of Rs. 475 using a target...