Hold Shree Cement: PINC

PINC research has come out with report on Shree Cement. It has maintained hold rating on the stock, in a report dated on November 14, 2007.

"At the CMP of Rs1,439, SCL is trading at a P/E of 10x, EV/EBIDT of 5.7x and EV/ton of USD 153; discounting its FY08E earnings. As one of the most efficient players in the industry with timely capacity expansions and scalability potential, we are positive on the long-term prospects of the company on back of firm cement prices and huge scalability potential. However, we feel the valuations at current levels are rich, leaving little scope for appreciation. Hence, we continue to maintain ‘HOLD’ recommendation." According to PINC Research report.