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Buy Shree Cement: target of Rs 31,610: Sharekhan

Sharekhan is bullish on Shree Cement has recommended buy rating on the stock with a target price of Rs 31,610 in its research report dated February 19, 2021.

February 22, 2021 / 04:03 PM IST
 
 
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Sharekhan's research report on Shree Cement


Shree Cement is expected to benefit from strong cement pricing environment in north and high cement demand in east. Expect to continue to report industry-leading volume growth, driven by its presence in key regional markets viz. north and east. Capacity expansion plans to reach 57 mtpa over three years and 80 mtpa over six-seven years would provide sustainable long-term growth.



Outlook


We retain our Buy rating on Shree Cement Limited (Shree Cement) with a revised PT of Rs. 31,610, as we expect it to report industry-leading growth led by rising capacity utilisation.

For all recommendations report, click here

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first published: Feb 22, 2021 04:03 pm

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