Shree Cements Ltd. News and Updates

Name: Latest research reports of Shree Cements Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Shree Cements Ltd.
Rating: 3
Author: Motilal Oswal

Keep track of all breaking news on Shree Cements Ltd. from all sources in a single place.

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Shree Cements Ltd.

11 Nov 2024, 12:00AM

30107.95

-0.86%

In-line EBITDA; strategic hurdles loom in the near term

Neutral: Shree Cements Ltd.

Target

Motilal Oswal

Shree Cement (SRCM)’s 2QFY25 EBITDA was in line as lower-than-estimated
realization/t was offset by lower-than-estimated opex/t.

Shree Cements Ltd. has gained 23.71% in the last 6 Months

Shree Cements Ltd.

15 Oct 2024

30107.95

-0.86%

Shree Cement (HOLD): Focus on growth to continue; maintain HOLD

Hold: Shree Cements Ltd.

Target

BOB Capital Markets Ltd.

Maintaining market share will be the key priority in the supply glut market situation, though capacity utilisation may hover ~70%

Number of FII/FPI investors decreased from 538 to 532 in Dec 2024 qtr

Shree Cements Ltd.

01 Oct 2024

30107.95

-0.86%

Shree Cement ties up with DPIIT to support startups in manufacturing sector

Business Standard

Shree Cement Ltd on Tuesday said it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to support startups in the manufacturing sector and drive innovation. Through this partnership, Shree Cement aims to support product startups by offering infrastructure, mentorship, access to funding, and market connections, guiding them from prototype development to potential international expansion, the company said in a statement. "Our partnership with DPIIT reinforces our commitment to fostering innovation in the manufacturing sector. We believe this partnership will play an important role in promoting self-reliance through domestic manufacturing and import substitution," Shree Cement Managing Director Neeraj Akhoury said. DPIIT Director Sumeet Jarangal said, "This partnership between Shree Cement and DPIIT will lay the foundation for a brighter future for early stage manufacturing startups and is a strong step in making Indi

Shree Cements Ltd. is trading above all available SMAs

Shree Cements Ltd.

09 Aug 2024

30107.95

-0.86%

Weaker realization and higher opex outweigh volume growth

Accumulate: Shree Cements Ltd.

Recommendation Target

KRChoksey

Shree Cement’s Q1FY25 result missed our projections despite revenue in line with our estimates.
Despite falling cement prices, revenue increased 1.8% YoY (-5.1% QoQ) to INR 51,240 Mn led by strong volume growth.

Number of FII/FPI investors decreased from 538 to 532 in Dec 2024 qtr

Shree Cements Ltd.

08 Aug 2024

30107.95

-0.86%

Shree Cement Q1 Results Review - Volume Focus Singes Margin: ICICI Securities

NDTV Profit

Sectoral pangs hurts profitability; hence the brokerage maintains its Hold rating on the stock.

Shree Cements Ltd. has an average target of 26783.40 from 11 brokers.

Shree Cement Q1 Results Review - Muted Performance Due To Pricing Pressure: Dolat Capital

NDTV Profit | 08 Aug 2024

Shree Cements Ltd.

08 Aug 2024

30107.95

-0.86%

Shree Cement extends fall; stock down 13% in 6 days post weak Q1 results

Business Standard

Management indicated that cement demand would remain weak until calendar year 2024-end and expects a full recovery from Q4FY25, brokerage firm MOFSL said.

Shree Cements Ltd. has gained 23.71% in the last 6 Months

Shree Cements Ltd.

08 Aug 2024

30107.95

-0.86%

Volume focus singes margin

Hold: Shree Cements Ltd.

Target

ICICI Securities Limited

Shree Cement’s (SRCM) volume focus in Q1FY25 was exceptional given it stood flat QoQ (up 8% YoY) as against 5-20% drop reported by industry majors.

Shree Cements Ltd. has gained 23.71% in the last 6 Months

Shree Cements Ltd.

08 Aug 2024

30107.95

-0.86%

Result Update:Shree Cement

Hold: Shree Cements Ltd.

Recommendation Target

Axis Direct

We change our rating from BUY to HOLD

Shree Cements Ltd. is trading above all available SMAs

Shree Cements Ltd.

08 Aug 2024

30107.95

-0.86%

Shree Cement

Hold: Shree Cements Ltd.

Target

ICICI Direct

Shree Cements Ltd. has gained 23.71% in the last 6 Months

Shree Cements Ltd.

07 Aug 2024

30107.95

-0.86%

Operationally weak Q1; Retain Buy

Buy: Shree Cements Ltd.

Target

Sharekhan

Standalone revenues marginally lagged estimates at Rs. 4835 crore (down 2.7% y-o-y) as lower than
estimated realisations (down 10% y-o-y, on higher sales in the Eastern region.

Shree Cements Ltd. has an average target of 26783.40 from 11 brokers.

Is Shree Cements Ltd. worth buying?

203 Votes:

Buy 61.58%

Sell 22.66%

Hold 15.76%

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