Shree Cement to replace YES Bank in Nifty50 from Mar 27; surges 6%

Analysts, however, do not see any upside in Shree Cement given all the positives are already priced-in.

Shares of Shree Cement surged 6 per cent to Rs 25,199.9 on the National Stock Exchange (NSE) on Wednesday after the exchange announced its inclusion in the benchmark Nifty50 index with effect from March 27, 2020. 

The cement maker pipped Dabur and Godrej Consumer Products (GSPL), who were among the front-runners for index inclusion, to join Ultratech Cement as cement manufacturers in the bluechip company index. FIND NSE CIRCULAR HERE

Meanwhile, most analysts tracking the stock do not see any upside in it given all the positives are already priced-in. 

"We see strong downside risk to the