31 Oct 2025 | 5 Mins Read
Jefferies predicts 17% gain for this cement stock
Flipitmoney
Jefferies maintained its Buy rating on Shree Cement, projecting a 17% upside with a target price of Rs 33,420. Despite higher costs and weaker realisations in the September quarter, the company's premiumisation strategy and cost-efficiency measures will restore margins. Cement volumes grew 5% year-over-year, while the share of premium products rose to 21%, driven by focus on high-margin segments.