29-06-2025
Shree Cement Limited (SHREECEM): New Sell Recommendation for This Basic Materials Giant
In a report released on June 27, Sumangal Nevatia from Kotak Mahindra maintained a Sell rating on Shree Cement Limited (SHREECEM – Research Report), with a price target of INR19,550.00. The company's shares closed last Friday at INR31,030.00.
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According to TipRanks, Nevatia is a 2-star analyst with an average return of 1.3% and a 50.00% success rate. Nevatia 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, implying a -2.86% downside from current levels. In a report released on June 23, Investec also maintained a Sell rating on the stock with a INR25,600.00 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
