India Cements shares plummet 9% after Q3 loss widens to Rs 428.84 crore

India Cements shares fell 9.1% after reporting a Q3 FY25 loss of Rs 428.84 crore, a sharp increase from the previous year's loss of Rs 16.51 crore. Net sales declined 17.35%, while PBIDT dropped significantly. The companys cement capacity utilization stood at 57%. Analysts have a target of Rs 225, with a 30% downside risk.