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    SHREECEM   INE070A01015

SHREE CEMENT LIMITED

(SHREECEM)
  Report
Delayed NSE India Stock Exchange  -  07:25 2022-08-12 am EDT
21152.20 INR   -0.19%
08/11Shree Cement Limited Announces Resignation of Dr. Y.K. Alagh as Independent Director
CI
08/05Indian Indices End Flat to Higher; UltraTech Cement Tops Gainers
MT
08/05Exclusive-How Holcim units, other Indian cement firms fixed prices- antitrust report
RE
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Indian shares fall for second session as cement makers slump

06/06/2022 | 06:35am EDT
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU, June 6 (Reuters) - Indian shares ticked lower on Monday as a slump in cement makers offset gains in metal stocks at the start of a week where the central bank is expected to deliver another interest rate hike.

The NSE Nifty 50 index closed 0.09% lower at 16,569.55 and the S&P BSE Sensex slipped 0.17% to 55,675.32, both falling for a second straight session.

The market has seen volatile moves in the past week as worries build over stubbornly high inflation, with the Reserve Bank of India expected to follow up its unscheduled rate hike in May with another move at the policy meeting on Wednesday.

"There is nervousness in the market ahead of rate decision amid pain of high inflation," said Saurabh Jain, assistant vice president at SMC Securities.

"We are also seeing supersonic volatility and it is difficult for market participants to make up their mind with so many variables moving in both directions."

At the close on Monday, cement makers were among the top drags. Shree Cement fell 3.4% to its lowest level in more than one and a half years, while sector leader UltraTech Cement dropped 1.8% to a 16-month low.

Shares of cement companies come under pressure as competition in the sector heats up. Last week, UltraTech Cement announced it would spend $1.66 billion to boost capacity to stave off competition from the sector's newest entrant Adani Group.

Beaten-down technology stocks settled 0.2% lower after falling more than 2% earlier in the session.

Spicejet fell 2.7% to a 20-month low after it said https://www.bseindia.com/xml-data/corpfiling/AttachLive/8480B4B2-F79D-4AE1-85B2-9AFDE0E0B9E9-102328.pdf the country's aviation regulator had imposed a penalty on the budget carrier.

Limiting the losses, metal stocks on the Nifty index rallied 1.12%. The gains were supported by a jump in iron ore futures to a 10-month high on hopes of improving demand.

Auto stocks closed 0.2% higher, boosted by a 4.2% rise in Bajaj Auto.

($1 = 77.4300 Indian rupees) (Reporting by Chandini Monnappa in Bengaluru; Editing by Shailesh Kuber and Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ AUTO LIMITED 0.11% 4038 End-of-day quote.24.27%
BANK OF INDIA LIMITED 0.51% 49.25 End-of-day quote.-4.09%
NIFTY 50 0.22% 17698.15 Delayed Quote.1.76%
NIFTY 500 0.30% 15140.55 Delayed Quote.0.66%
SENSEX BSE30 0.22% 59462.78 Real-time Quote.2.08%
SHREE CEMENT LIMITED -0.19% 21152.2 Delayed Quote.-21.62%
SPICEJET LIMITED -0.65% 45.85 End-of-day quote.-32.67%
TECH MAHINDRA LIMITED -1.05% 1065.9 Delayed Quote.-40.47%
ULTRATECH CEMENT LIMITED -0.57% 6559.3 Delayed Quote.-13.59%
All news about SHREE CEMENT LIMITED
08/11Shree Cement Limited Announces Resignation of Dr. Y.K. Alagh as Independent Director
CI
08/05Indian Indices End Flat to Higher; UltraTech Cement Tops Gainers
MT
08/05Exclusive-How Holcim units, other Indian cement firms fixed prices- antitrust report
RE
08/01Nomura Adjusts Shree Cement's Price Target to 22,500 Indian Rupees From 25,000 rupees, ..
MT
07/29Shree Cement's Consolidated Profit Plunges in Fiscal Q1
MT
07/28Shree Cement Limited Approves Final Dividend for the Financial Ended 31st March 2022
CI
07/28Indian Indices Close Nearly 2% Higher; Bajaj Finance Surges 10%
MT
07/28Shree Cement Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
CI
07/13SHREE CEMENT LIMITED : Ex-dividend day for final dividend
FA
07/12Indian Indices Close Lower; Eicher Motors Drops 3%
MT
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Analyst Recommendations on SHREE CEMENT LIMITED
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Financials
Sales 2023 167 B 2 093 M 2 093 M
Net income 2023 18 975 M 238 M 238 M
Net cash 2023 81 883 M 1 028 M 1 028 M
P/E ratio 2023 40,4x
Yield 2023 0,31%
Capitalization 763 B 9 585 M 9 585 M
EV / Sales 2023 4,09x
EV / Sales 2024 3,72x
Nbr of Employees 6 445
Free-Float 27,3%
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Mean consensus -
Number of Analysts 0
Last Close Price 21 152,20
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Managers and Directors
Hari Mohan Bangur Joint Managing Director & Executive Director
Prashant Bangur Joint Managing Director & Executive Director
Subhash Jajoo Chief Financial Officer
Benu Gopal Bangur Chairman
Manoranjan Kumar Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
SHREE CEMENT LIMITED-21.62%9 585
HOLCIM LTD-2.37%29 360
ANHUI CONCH CEMENT COMPANY LIMITED-20.28%24 548
XINJIANGTIANSHAN CEMENT CO.,LTD-27.56%14 168
JAMES HARDIE INDUSTRIES PLC-34.61%11 462
DANGOTE CEMENT PLC0.70%10 681