India's Shree Cement rises after second-quarter revenue beat

Shree Cement

29/10/2025 07:28

** Shares of India's Shree Cement SHCM.NS gain 2.2% to 29,200 rupees

** Cement maker topped Q2 revenue view on price jump, higher-than-expected volume growth; missed profit view as costs rose

** Core profit misses primarily on higher costs, says Jefferies ("Buy", TP 33,420 rupees)

** SHCM's y/y volume growth of 7% above the industry average of 4%-5% in Q2 - Antique Stock Broking ("Buy", TP 32,400 rupees)

** Mgmt focusing on trading volumes for value; co may need to "recalibrate its approach by driving volumes" to outperform in industry amid rising competition - PL Capital ("Accumulate", TP 31,769 rupees)

** Trading vols ~57k shares vs 30-day avg of 30.3k shares

** Stock, on an avg, rated "Hold" with median TP 31,409.50 rupees - data compiled by LSEG

** YTD stock up 12.8%

(Reporting by Hritam Mukherjee in Bengaluru)

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