Shree Cement shares jump 6% on strong Q3 earnings
Thu, Feb 1, 2024 12:11 PM

Shree Cement shares jump 6% on strong Q3 earnings

A Flip by Shubhangi Gupta
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Shree Cement's stock jumped 6% and hit a 52-week high following strong Q3 earnings. Net profit rose 165% YoY, revenue increased 20% YoY, and EBITDA was up 74% YoY. The company is executing a performance improvement plan and aims to reach 80 million tonnes production capacity by 2028. Nuvama upgraded the stock rating and raised the target price.

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