Hold Shree Cements, target of Rs 1750: Sharekhan

>> Friday, August 14, 2009

Sharekhan has maintained its hold rating on Shree Cements with a target price of Rs 1750 in its August 12, 2009 research report.

"Despite the overall slowdown in the economy, the revenue of the company grew by a robust 29% in FY2009. We maintain our Hold recommendation on the stock with price target of Rs 1,750 (valued at EV/tonne of USD90)," says Sharekhan's research report.

Source : Money Control