"Shree Cement Ltd (SCL) is one of the fastest growing Indian cement manufacturers having leading position in North India with a market share of 20%. Currently, the company has total cement capacity of 13.5 million.....
"Shree Cement Ltd (SCL) is one of the fastest growing Indian cement manufacturers having leading position in North India with a market share of 20%. Currently, the company has total cement capacity of 13.5 million tonnes and power capacity of 260 MW. SCL is one of the most energy efficient companies in the cement industry. Cement demand, which has been to - date robust in NorthIndia, is set to get further boost on heightened construction activities with the exit of extended 2011 monsoon. On the other hand the merchant power sales volume to increase substantially in FY12 - 13E with the commissioning of 300MW thermal power plant. The stock is currently available at a steep discount to its peers. We initiate coverage with an “Accumulate” rating on the stock with a target price of Rs 2071," says Networth Stock Broking research report.
FIIs holding more than 30% in Indian cos
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"Shree Cement Ltd (SCL) is one of the fastest growing Indian cement manufacturers having leading position in North India with a market share of 20%. Currently, the company has total cement capacity of 13.5 million tonnes and power capacity of 260 MW. SCL is one of the most energy efficient companies in the cement industry. Cement demand, which has been to - date robust in NorthIndia, is set to get further boost on heightened construction activities with the exit of extended 2011 monsoon. On the other hand the merchant power sales volume to increase substantially in FY12 - 13E with the commissioning of 300MW thermal power plant. The stock is currently available at a steep discount to its peers. We initiate coverage with an “Accumulate” rating on the stock with a target price of Rs 2071," says Networth Stock Broking research report.
FIIs holding more than 30% in Indian cos
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
more info