Anand Rathi is bullish on Shree Cements has recommended buy rating on the stock with a target price of Rs 28,600 in its research report dated November 12, 2024.
The company's board of directors will consider approving the issuance of NCDs on September 25.
Reports last month claimed tax searches took place at multiple offices of Shree Cements amid allegations of a tax invasion worth Rs 23,000 crore.
The company tells exchanges that tax 'survey is still going on' and 'any information circulating in the media otherwise is incorrect'
Emkay Global Financial recommended hold rating on Shree Cements with a target price of Rs 25,000 in its research report dated May 23, 2023.
Morgan Stanley has assigned an equal-weight rating to the company and set a target price of Rs 25,600 per share.