Page 6 - Shree Cement

Shree Cement pips Dabur and Godrej Consumer to replace Yes Bank in Nifty

Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission

Core business eases power segment pain for Shree Cement in Dec quarter

Cost controls, presence in profitable markets increase earnings

Shree Cement's Dec-quarter pre-tax profit up 2.8% at Rs 409 crore

PBT in Q3 of the last fiscal year stood at Rs 398.5 crore

Cement shares in focus; Shree Cement hits record high, UltraTech up 3%

Ambuja Cements, ACC, Orient Cement, JK Lakshmi Cement, Dalmia Bharat, Mangalam Cement, Heidelberg Cement India, India Cements and JK Cement were up 2 per cent to 5 per cent on the BSE

Shree Cement to enter western India market in the coming six months

Investment in the plant, spread across 65.7 acres, is Rs 625 crore. It doesn't have linkages to limestone reserves and is getting this from a Shree unit near Kodla village in Karnataka

UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

For next 3 years, we will set aside Rs 9,000 cr as capex: Shree Cement MD

World GDP growth will be less than three per cent, and even with revised estimates, India's GDP growth will be more than the global average, says Hari Mohan Bangur

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

Cement stocks rise on positive outlook; JK Cement scales fresh record high

JK Cement zoomed 5% to Rs 1,314, while Shree Cement gained 3 per cent to Rs 21,748, and was trading close to its all-time high level of Rs 22,200 touched on July 1, 2019, on the BSE today

UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

Shree Cement rises 4% post Rs 3,000 crore QIP offer launch

India's third-largest cement producing company has been hit by a prolonged monsoon season and falling cement prices on the back of the ongoing economic slowdown.

Shree Cement launches Rs 3,000-cr QIP, fixes price at Rs 19,806 a share

Promoters currently hold 64.79 per cent in the company, while foreign portfolio investors have an 11.88 per cent stake.

ACC's numbers revive hopes for cement stocks amid subdued July-Sept quarter

Profitability, declining costs are positives, but demand revival key for any upside

After Dalmia Bharat, Shree and Nuvoco join race to acquire Emami Cement

Earlier, only Dalmia Bharat was in the fray for the acquisition

Market share loss dents Shree Cement's June quarter performance

Weak demand, low pricing ability to restricting performance in following quarters

Focus on higher realisation improves Shree Cement's earnings outlook

While its net profit fell by 17% in the March quarter, the company is looking at high-price segments and premium products to drive profitability

Shree Cement to invest Rs 10 bn to set up plants in Jharkhand, Odisha

Shree Cement has multiple plants spread across Rajasthan, Uttarakhand, Bihar, Haryana, Chhattisgarh and Uttar Pradesh

Good show by Shree Cement amid cost pressures should ease Street's concerns

Analysts say power costs are likely to have peaked out, while easing of axle norms and railway rebate should lower transportation costs

Shree Cement Q1 profit falls 37%: Why analysts remain positive on the stock

The company's cement sales volumes at 6.99 million tonnes (MT) grew 18.7 per cent year-on-year (8.55 per cent sequentially).

Shree Cement gains on commencement of new cement grinding unit

The stock has moved higher by 4% to Rs 17,550 on BSE in noon deal after the company announced that it has commissioned new cement grinding unit in Rajasthan.