The Hindu Business Line : Shree Cements rises on good show

Analysts are referring to the second quarter results of Shree Cements, which has recorded a significant increase in its PAT. Also being mentioned are the recent floods in Rajasthan, which were known to have created a gap in supplies in the northern region, prompting the company to go into a marketing overdrive.

At current prices, the stock trades at a P/E of 11.6x fiscal 2007 estimated earnings and 8.7x fiscal 2008 estimated earnings. On Thursday, the Shree Cements stock closed 1.74 per cent higher at Rs 1,143.55 on the NSE. Volumes, however, were low at about 37,000 shares.

Nilanjan Dey

More Stories on : Stock Markets | Stocks | Ear to the ground | Cement

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