Mon, Nov 11, 2024
Amid a decline in cement prices and hence a weaker realisation, Shree Cement on mostly expected lines posted a sharp slump in Q2 profitability.
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Wed, May 15, 2024
Shree Cement share price: At around 10:55 a.m., shares of Shree Cement were down 0.31 per cent or 81.8 points at 25937.7 apiece. The market capitalisation of the company at around the same time stood at Rs 93,412.33 crore.
Wed, Mar 13, 2024
The strategic location of the RMC plants will facilitate entry into key construction projects in the Mumbai metropolitan region (MMR) and help in the growth of the RMC business of the company, it added.
Fri, Feb 04, 2022
Cement major Shree Cement reported muted third quarter earnings for the financial year 2021-22 (Q3FY22). The company posted year-on-year (YoY) declines on all parameters, except revenue from operations during the quarter.
Wed, Jun 30, 2021
Cement sector is expected to remain in focus on Wednesday. A recent report by JP Morgan on the cement sector is creating a buzz around the cement stocks. Zee Business’ Ashish Chaturvedi has this detailed report. Take a look!
Mon, May 24, 2021
Missing the street estimates in the fourth quarter of FY21, the brokerage firm downgrades the stance for Shree Cement. The cement firm on Friday reported a rise of over 30 per cent in the net profit of Q4 for the financial year 2020-2021.
Mon, Apr 19, 2021
On his show today, Zee Business Managing Editor Anil Singhvi and his in-house panel picked Orient Cement stock from the Cement sector. This company is a CK Birla group company. It is a 42 year old company. The promoter background is extremely strong, considering their experience in the cement business. He said that cement prices are increasing consistently over some time now
Tue, Mar 23, 2021
Shree Cement is the second-largest cement producer in India with an operating capacity of 43.4 million tonnes per annum (mntpa) and commands an estimated market share of 8%. Shree Cement enjoys a leadership position in North India with an estimated market share of 24%. It has embarked on the expansion plan to increase its capacity to 46.4 mntpa which is expected to become operational in Q4 FY21 and Q1 FY22.
Sat, Nov 14, 2020
Shree Cement reported Q2 EBITDA of Rs 10 bn (+25%) on better top line and lower costs. Volumes (+14% YoY) and profitability (Rs 1513/T, +17%) both were above estimate. Better profitability was driven by better realisations and lower costs. This highlights a strong bounce-back from an underwhelming Q1. Post the recent underperformance, CLSA believes Shree Cement’s growth potential and superior return profile justify current valuations.
Tue, Oct 13, 2020
Jefferies believes that the macro story is getting better for building material space.
Tue, Jul 21, 2020
Sanjiv Bhasin, who is the Director of IIFL Securities said that his two calls for Tuesday are Buy calls. The first is Shree Cement. He puts the stop loss at Rs 22,400 while the target price is between Rs 23,250 and Rs 23,500. The stock is currently trading around Rs 22,733
Wed, Feb 19, 2020
Shree cement shares increased upto 6 per cent in morning trade on Wednesday, the stock is set to enter the Nifty 50 index from next month.
Mon, Jun 24, 2019
A robust quarterly performance of the cement market would definitely have its positive impact on the cement counters like ACC, Ambuja Cement, Ultratech Cement, Ramco Cement, Shree Cement etc.
Mon, Feb 04, 2019
It is very important for investors to know which cement stocks they should buy or sell in the midst of price hike, as such does impact the earnings of a company.
Tue, Mar 21, 2017
Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.
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