The street's divided on the prospects for Shree Cements after a stellar quarter where the profit trebled. The company's focus on North India and the push for high-value products may lead to growth cooling off, at least temporarily.

Brokerage Rating Target Price Implied gains from Oct 28 close CLSA Outperform ₹32,300 13% Citi Buy ₹33,000 15% Choice Broking Sell ₹26,900 -5.5%

Shree Cement, India's third-largest cement maker by production capacity, had focussed on increasing the proportion of the premium products, that come with fatter profit margin, over the last few years, even at the cost of market share.

"If you look at the six quarters volume, that has been more or less flattish, whereas the industry has grown at four to 5% CAGR in this past six quarter

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