Neutral Shree Cement; target of Rs 24,200: Motilal Oswal
Motilal Oswal recommended Neutral rating on Shree Cement with a target price of Rs 24,200 in its research report dated July 27, 2023.31-07-2023
31-07-2023
SHREE CEMENT LTD. - 500387 - Commencement Of Commercial Production
In continuation to our letter dated 29th June, 2023, we would like to inform you that Shree Cement East Pvt. Ltd. (Wholly owned Subsidiary of the Company) has today (i.e. 28th July, 2023) started commercial production at its Clinker grinding unit at village Digha & Parbatpur in Purulia district of West Bengal with Cement capacity of 3.0 MTPA.28-07-2023
Shree Cement is losing its edge over peers, but valuation remains pricey
Cement demand is expected to remain strong given the government's thrust on infrastructure development in a run-up to the general elections28-07-2023
SHREE CEMENT LTD. - 500387 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulations 39(3) of the SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015, Company has issued duplicate shares certificate to attached shareholders on 26th July, 2023.27-07-2023
SHREE CEMENT LTD. - 500387 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to regulation 39(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has issued duplicate shares Certificate to the attached Shareholders on 26th July, 202327-07-2023
SHREE CEMENT LTD. - 500387 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has issued duplicate share Certificate to attached Shareholder on 26th July, 2023.27-07-2023
SHREE CEMENT LTD. - 500387 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement), Regulations 2015, the audio recording of the earnings call held today (27th July, 2023) relating to the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2023 has been uploaded on the website and is available at below link: https://www.shreecement.com/uploads/investors_con_call/Investor_Con_Call_Q1_FY_2023- 24.mp327-07-2023
SHREE CEMENT LTD. - 500387 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Pursuant to regulations 44(3) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, voting results of the Business transacted at the AGM of the Company held on 26th July, 2023 is enclosed at Anne-1. Report of the Scrutinizer in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 is also enclosed at Anne-2. All the resolutions as set out in the notice of the 44th AGM have been approved by the shareholders with requisite majority.27-07-2023
SHREE CEMENT LTD. - 500387 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Pursuant to regulation 44(3) of the SEBI LODR (Listing Obligations and Disclosure Requirements) Regulations, 2015, voting results of the Business transacted at the AGM of the Company held on 26th July, 2023 is enclosed in Annex-1. Report of the Scrutinizer in terms of Section 108 of the Companies act, 2013 read with the rule 20 of the Companies (Management and administration) rules, 2014 is also enclosed at Annex-2. All the resolutions as set out in the notice of the 44th AGM have been approved by the shareholders with requisite majority.27-07-2023
Shree Cement under pressure; analysts say valuation expensive
Kotak Institutional Equities has a 'sell" call has on the stock, while Incred Equities has said the valuation and ongoing inspections limit any further upside in the stock in the near term27-07-2023