Investec analyst Ritesh Shah maintained a Sell rating on Shree Cement Limited today and set a price target of INR26,100.00. The company’s shares closed today at INR31,175.00.
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Shah covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and J.K. Cement Ltd.. According to TipRanks, Shah has an average return of 1.2% and a 52.38% success rate on recommended stocks.
In addition to Investec, Shree Cement Limited also received a Sell from Kotak Mahindra’s Sumangal Nevatia in a report issued on June 27. However, on July 2, Bernstein maintained a Hold rating on Shree Cement Limited (NSE: SHREECEM).
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