Sell Shree Cements Ltd., target Rs 13530.0 : Centrum Broking

Centrum Broking has Sell call on Shree Cements Ltd. with a target price of Rs 13530.0. The current market price of Shree Cements Ltd. is 16990.75. Time period given by analyst is year, when Shree Cements Ltd. price can reach defined target. rokerage expects Shree Cement to deliver 43% EBITDA CAGR during FY16-18E on account of improving demand and pricing outlook. These along with SRCM's low capital cost structure should lead to SRCM delivering industry leading return ratios, said Centrum. .