Shree Cement Share Price Target 2022, 2023, 2024, 2025, And 2030: Hi, everyone hopes you all are fine there. So, today we are going to give a detailed analysis about one of the biggest manufacturer companies of cement in north India. Detailed analysis includes technical analysis, their past year quarterly report, and last 5 years annual report.
Here, we also help you to predict the share price target of Shree Cement for future years after analyzing different criteria and terms which help you to make the decision whether an investment in the share of this company is a thing of profit or loss. Shree Cement was founded in Rajasthan but now it is headquartered in Kolkata, India.
Shree Cement Share Price Target 2022, 2023, 2024, 2025 And 2030
Shree Cement not only Manufacture Cement through which they rule the market of cement industry in north India region. They also involve in the production of power through which they provide power to their own states and their bordered states. They have their two power plant one is named Shree Power which is a Captive Power Plant and the second one is named Shree Mega Power which is an Independent Power Plant.
Technical Analysis Of Shree Cement
We draw technical analysis chart which help us to read how the share prices of Shree Cement performed in past years and how they will going to perform in upcoming years.
This Analysis is based on Elliott's wave theory. Black wave is the major trend that is near to complete the third wave and fourth and fifth waves will remain to create. We can say Shree Cement follows the ultimate trend of the 5-3-5 Elliott Waves Pattern. Even what we can see is the stock has shown an upward direction movement but its short-term trend of this stock will remain negative and in a downtrend. But as the chart, we draw shows that its long term trend is positive and in an uptrend.
Shree Cement Share Price Target
As we know Shree Cement is one of the biggest manufacturer companies of cement in North India besides these things they also have their own power plant through which they make good revenue per year from the last 1-2 years. so, taking these all things in mind we try to predict possible targets for the share of Shree Cement which they can pass possibly in upcoming years.
| Year | Target Of Shree Cement |
|---|---|
| 2022(Target-1) | Rs.35488 |
| (Target-2) | Rs.31293(Retracement) |
| 2023(Target-1) | Rs.35660 |
| (Target-2) | Rs.41628 |
| 2024(Target-1) | Rs.45459 |
| (Target-2) | Rs.47292 |
| 2025(Target-1) | Rs.48933 |
| (Target-2) | Rs.50938 |
| 2030(Target-1) | Rs.55393 |
| (Target-2) | Rs.62038 |
Shree Cement Share Price Target For 2022
For the year 2022, we try to predict two possible targets which they can surpass easily first is around Rs.35488 and the second target which we can possibly find in the same year is around Rs.31293 as we all can see what I predict for the second possible target for 2022 is pretty much lower than first and it will happen because the share price of Shree cement will show some downfall movement. We predict all these target levels on the basis of Fibonacci retracement, support, and resistance.
Shree Cement Share Price Target For 2023
For the year 2023, we are again going to predict two possible targets which the share of Shree Cement will find it easily because of their product demand in the market first target is around Rs.35670, and the second target level for the same year 2023 is about Rs.41628.
Shree Cement Share Price Target For 2024
We can predict the first share price target for the financial year 2024 is around Rs.45459 and after attaining that value they also show a similar trend as they show in the past year but again because of the increasing demand for their product they gain attain share price in the year 2024 is around Rs.47292.
Shree Cement Share Price Target For 2025
We can predict the first possible target for the financial year 2025, for this share is around Rs.48933 and after getting these value of share price they will show some downtrend in the price of the share of Shree Cement but after some time they again move in a positive direction which is an uptrend and we can set a second possible target which the share of this company finds is about Rs.50938.
Shree Cement Share Price Target For 2030
At the end of this decade, Shree cement not only is a king of cement manufacturer in north India they try to make their strong presence in the other region of India too. So, we predict the first share price target for the year 2030 is about Rs.55393, and the second possible target which they can achieve is around Rs.62038.
Shree Cement Quarterly Report Analysis
As the data are given at ticker.finology.in we are telling you about company last year performance that how they perform in every quarter of last year if you find any mismatch of data from the official site of Shree Cement. we are not going to be responsible for it.
In the first quarter of the financial year, 2020 Shree Cement made net sales of around Rs.3217.53cr. and they make profit in this quarter is around Rs.588.15cr after paying all the taxes. In the second quarter of the year 2020, they make net sales of around Rs.2325.79cr. and make a profit of about Rs.370.80 this is pretty much low when we compared to other quarter and it happened because of Nationwide lockdown in the whole country.
In the third quarter of the fiscal year, 2020 company made sales of around Rs.3022.36cr. and make a profit of about Rs.547.25cr. after paying all the taxes. In the last quarter of 20220 company made sales around Rs.3309.43cr. and make a profit of about 626.23cr. In the first quarter of the year, 2021 company make sales of around Rs.3930.81. make profit out of it around Rs.767.65cr. in that same quarter after paying all the essential taxes.
Shree Cement Annual Report Analysis
As the data are given at ticker.finology.in we are here to tell you about the company last year performances that how they perform in the last few years if you find any mismatch of data from the official site of Shree Cement. we are not going to be responsible for it.
The company makes net sales of Rs.8486.95cr.in 2017 till the month of March by which they make a profit of around Rs.1339.11cr.In the following year which is 2018, till the month of march the company makes net sales of about Rs.9833.17cr.by which they make a profit of about 1384.18cr. after paying all the taxes to government bodies.
In the year 2019, till the Month of March Company make net sales of around Rs.11722cr.by which the company made a profit of about Rs.951.05cr. In the following year 2020 till the month of March, they make sales of Rs.11,904cr.by which the company made a profit of about Rs.1570.18cr.In the Year 2021, till the month of March Company net sales of around Rs.12588.39cr by which they made a profit of Rs.2311.93cr. after paying all the taxes.
Conclusion
In this artical, We have done a detailed analysis of Shree Cement. We were tried to include every aspect in our article which is really essential to know before investing in any specific company shares.
Before ending this article, I am going to tell you why you need to think about investing in the shares of Shree Cement for a good return in the future.
Before ending this article, I am going to tell you why you need to think about investing in the shares of Shree Cement for a good return in the future.
1. Brand value in north India.
2. Generating good revenue from other businesses.
3. Try to make their business in whole India.
4. Strong financial position.
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