Investec cuts PT on India's Shree Cement, cites weakening competitive moat
21/09/2026 05:00
BUZZ-Investec cuts PT on India's Shree Cement, cites weakening competitive moat ** Investec cuts PT on India's Shree Cement SHCM.NS to 20,726 rupees from 25,140 rupees, reiterates "sell"
** Brokerage says the company's pivot to a value-over-volume strategy is helping preserve pricing and sector-leading profitability
** Says the approach has coincided with market share losses despite ongoing capacity additions
** Flags narrowing cost and return-ratio advantages versus peers, suggesting the firm's competitive moat is weakening
** SHCM trading flat at 22,610 rupees on Monday
** Avg rating of 37 analysts on stock at "buy"; median PT is 28,690 rupees - LSEG-compiled data
** Stock down 15.1%, YTD
(Reporting by Kashish Tandon in Bengaluru)
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