India's Shree Cement drops after downbeat earnings

Shree Cement

09/02/2026 04:18

** Shares of India's Shree Cement SHCM.NS drop  3% to 26505 rupees

** Cement maker reports Q3 earnings below expectations, misses volume growth view

** Qtrly performance below our estimates on lower volumes, expect vol growth of about 7% in Q4 - brokerage Motilal Oswal ("neutral"; TP 28000 rupees)

** SHCM, on an avg, rated "hold", with median TP 30000 rupees - data compiled by LSEG

** Day's move flips stock to YTD losses territory, last down 0.23%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))