Shares of cement maker Birla Corporation have gained merely 3% in 2024. The cement stock rallied 68% in a year, clocking a majority of gains in 2023. The stock of the MP Birla Group has earned a buy call from brokerage Asit C Mehta with a target price of Rs 2055. The brokerage house cited an improvement in profitability, return ratios & balance sheet and a continued focus on capacity addition as primary factors for initiating coverage on the cement stock.