Shree Cements shares get their second-highest price target on volume growth hopes
Published on 23/09/2025 11:46 AM
Shree Cements shares get their second-highest price target on volume growth hopesTakeaways from the company's management meeting indicate that FY26 volumes are expected to reach 37-38 million tonnes, implying a year-on-year growth of 3-6%.By Meghna Sen September 23, 2025, 11:46:51 AM IST (Published)1 Min ReadShares of Shree Cement Ltd. gained over 1% on Tuesday, September 23, following Citi's 'Buy' rating on the stock. The brokerage has a price target of ₹35,500 for Shree Cement.
Takeaways from the company's management meeting indicate that FY26 volumes are expected to reach 37-38 million tonnes, implying a year-on-year growth of 3-6%.
First-half volumes are likely to be around 17 million tonnes, largely flat on a year-on-year basis, suggesting second-quarter volumes of approximately 8 million tonnes, a 6% increase compared to the same period last year.
Regionally, the management expects the eastern markets, particularly Bihar due to elections, to grow faster than northern and southern markets.
On pricing, the company said that Goods and Services Tax (GST) benefits will be passed on, and cement price hikes implemented between January and April 2025 have largely been sustained so far.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayShree Cements