Shree Cement Mail Form
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People also ask
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Why is Shree Cement falling?
Shree Cement's shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
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What is the controversy of Shree Cement?
The tax officials filed a report after a survey action where they found that Shree Cement had claimed Rs 7,000 crore in wrongful deduction for solid waste management. The raids took place at the company's bases in Beawar, Jaipur, Chittorgarh, and Ajmer.
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Why is the Shree Cement share falling?
Shree Cement's shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
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What is the future prediction of Shree Cement?
ing to analysts, SHREECEM price target is 25,779.71 INR with a max estimate of 29,350.00 INR and a min estimate of 17,550.00 INR. Check if this forecast comes true in a year, meanwhile watch SHREE CEMENT LTD stock price chart and keep track of the current situation with SHREECEM news and stock market news.
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Who is the owner of Shree Cement?
Shree Cement was incorporated in 1979 by Benu Gopal Bangur. In 1983, it commissioned its first plant in Rajasthan, with production beginning in 1985. In 1995, Bangur's family gained full control of the business.
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What is the rename of Shree Cement?
Shree Cement introduces new brand identity, featuring 'Bangur' as master brand. The rebranded 'Bangur' brand highlights the company's goal to market and distribute OPC, PPC, and PSC cement across its regions.
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What is the new brand of Shree Cement?
The intent is to position 'Bangur' as the company's umbrella brand, with a refreshed and discernible brand identity. Through this makeover, we aim to connect better with our customers, providing them unique experiences with differentiated products,” Neeraj Akhoury, managing director, Shree Cement, said.
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Is Shree Cement profitable?
Shree Cement Q2 Results: The cement maker reported a net profit of 931.3 million rupees for Q2, down 81% year-on-year, but above analyst expectations. Revenue fell 18% to 37.27 billion rupees, while sales volume grew 7%.
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