Macquarie analyst Ashish Jain CFA maintained a Hold rating on Shree Cement Limited (SHREECEM – Research Report) today and set a price target of INR28,630.00. The company’s shares closed today at INR28,505.00.
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According to TipRanks, Jain CFA is a 2-star analyst with an average return of 1.1% and a 52.38% success rate. Jain CFA covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd..
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shree Cement Limited with a INR30,141.67 average price target.
Based on Shree Cement Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR55.32 billion and a net profit of INR5.74 billion. In comparison, last year the company earned a revenue of INR54.33 billion and had a net profit of INR6.75 billion