Page 2 - Shree Cement

After rocky tenure, Shree Cement hands over sporting rights to East Bengal

Confirming the development, Shree Cement Ltd CEO Col Shibaji Samaddar told PTI: 'Yes, Shree Cement has moved out of East Bengal after two seasons'

Analysts say cement stocks now attractive; price hikes to ease margin woes

Analysts believe current input cost headwinds are transitory as likely price hikes by companies will help aid margin pressures.

SBI, Tata Steel, IndiGo: Key levels to watch on these stocks post Q3 nos

Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high

Shree Cements Ltd Q3 net profit decline 23.5% at Rs 482.70 crore

Shree Cements Ltd on Friday reported a decline of 23.57 per cent in its consolidated net profit at Rs 482.70 crore for the third quarter ended December 31, 2021. It had reported a net profit of Rs 631.58 crore in the October-December quarter a year ago, Shree Cements said in a filing to the BSE. Its revenue from operations was up 2.24 per cent at Rs 3,637.11 crore during the quarter under review as against Rs 3,557.21 crore in the corresponding quarter last fiscal. Shree Cements' total expenses were at Rs 3,131.12 crore, up 11.32 per cent in Q3/FY22, as against Rs 2,812.58 crore. Meanwhile, in a separate filing, Shree Cements informed that its board in a meeting held on Friday declared an interim dividend of Rs 45 per equity share of Rs 10 each for the financial year 2021-22. The company operates into the market with the brands -- Bangur Cement, Shree Cement, Shree Jung Rodhak and Rockstrong. Shares of Shree Cements Ltd on Friday settled at Rs 24,704 on the BSE, down 0.54 per cen

Shree Cement to set up Rs 1500 crore cement plant in Andhra Pradesh

A delegation of officials from Shree Cement met CM YS Jagan Mohan Reddy and held discussions for setting up a Greenfield Cement plant in Guntur district at an estimated cost of Rs 1,500 crore

Cement companies expect demand to pick up from Dec as rains recede

Heavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged volumes across sectors during festivals.

Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

Stocks to watch: Shree Cement, ZEEL, Voda Idea, Srei Infra Finance, ONGC

Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore

Stocks to watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels

Allcargo group firm Gati Limited has appointed Pirojshaw Sarkari as its CEO, the company said on Monday

Shree Cement: In-line Q1, robust outlook

Industry leading margins should help the company amid govt's infra push and expected pickup in construction activity

Stocks to watch: Rolex Rings, Vodafone Idea, Shree Cement, BoB, IDBI Bank

Power Finance Corporation (PFC) has increased its global medium-term note programme from USD 5 billion to USD 8 billion

Shree Cement's oxygen plants running to full capacity amid Covid crisis

City-based Shree Cement on Friday said that its oxygen plants are operating at 100 per cent capacity

Shree Cement trades lower for fourth straight day; stock down 9% in a week

With Friday's fall, the stock has now corrected 13 per cent from its all-time high level of Rs 32,048 touched on April 8

Shree Cement holding firm's sales of unlisted shares raise eyebrows

Listed firm NBI sold unlisted cos on its books at 97% discount to promoter entities, says InGovern

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

Cement stocks rally on strong demand hopes; Shree, JK Cement hit new highs

The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21) given the low base and sharp recovery in the cement demand

Spurt in volume, price hike to cushion cement firms against rising costs

All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E

Analysts bullish on cement stocks on sustained demand, price hikes

Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.

Shree Cement crosses Rs 1 trillion in market capitalisation

In the past six trading days, the stock has surged 23 per cent after the company reported healthy Ebitda growth of 28.2% YoY at Rs 1,089 crore

Cement shares soar on govt's infra push; UltraTech, Shree Cement up 8%

The huge thrust on infrastructure spending by the government in the Budget 2021-22 bodes well for construction materials such as cement and steel