In a report released today, Ritesh Shah from Investec maintained a Sell rating on Shree Cement Limited (SHREECEM – Research Report), with a price target of INR25,600.00. The company’s shares opened today at INR28,755.00.
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According to TipRanks, Shah is a 3-star analyst with an average return of 2.7% and a 63.64% success rate. Shah covers the Basic Materials sector, focusing on stocks such as ACC Limited, Hindalco Industries Limited, and J.K. Cement Ltd..
Currently, the analyst consensus on Shree Cement Limited is a Moderate Buy with an average price target of INR30,141.67.
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
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