Shree Cement Rating
NOMURA ON SHREE CEMENT : 24.05.2021
* MAINTAIN REDUCE TARGET: 26,500
* Nomura maintains REDUCE rating on Shree Cement, target at Rs 26,500/sh
* Q4 In-line; Higher Staff Costs Impact Margin
* Volumes In-line, Blended Realisations Higher
* Q1 Volumes May Be Impacted By Lockdowns & Margin By Rising Input Costs
GS ON SHREE CEMENT: 24.05.2021
* MAINTAIN NEUTRAL TARGET: 28,070
* Goldman Sachs maintains NEUTRAL call on Shree Cement, target at Rs 28,070/sh
* Volume Growth Lagged Larger Peers, However Base Was Stronger
* P&F Costs Came In Below Our Expectations
* Expect Profitability To Be Impacted In Coming Qtrs
