Anand Rathi's research report on Shree Cements
Shree Cements’ Q2 was muted due to the weak demand-pricing environment, owing to prolonged monsoons and low infrastructure spends by the government. The company’s strategy of `value over volume’ and lowerfuel consumption cost partially aided the performance. The improving RE share, logistics optimisation, along with the ongoing capacity expansion continue to be positives.
Outlook
We retain our Buy rating, with a lower 12-mth TP of Rs 28,600 (Rs28,952 earlier).
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