Shree Cement's good show fails to impress street
- Current utilisation level for the company is at 62-64%, which offers plenty of growth opportunities.
Shree Cement Ltd put up a good show in volumes for the September quarter (Q2FY23). In a seasonally weak quarter, the company’s volumes rose 18% year-on-year to 7.46 million tonnes. Growth is sharply higher than the estimated industry growth of high single digit for Q2, Jefferies India pointed out.