Shree Cement Q3FY25 Growth Outlook & Technical View

Q3FY25 Performance

Sales volume: Up 15% QoQ, from 7.60 mn tonnes to 8.77 mn tonnes.
EBITDA: Jumped from ₹593 crore to ₹947 crore.
PAT: More than doubled from ₹93 crore to ₹229 crore.
Net revenue: Grew 14% QoQ to ₹4,235 crore.

Growth Outlook

Cement demand expected to rise due to:
1. Higher rural consumption (boosted by better farm cash flows).
2. Strong urban housing demand.
3. Increased government infrastructure spending.
4. Expansion plans: Adding 15.4 mn MT capacity (28% of current) by Q1FY26.

Technical View (Price at ₹28,200)

1. Key Resistance (Bearish OBs):
2. ₹28,555 – Immediate resistance.
3. ₹29,000 - ₹29,483 – Strong supply zone.

Support Levels (Bullish OBs & FVGs):

1. ₹27,021 - ₹27,274 – First support zone.
2. ₹26,800 - ₹26,611 – Strong demand area.
3. ₹26,000 – Deeper support if price declines further.

Trend Bias:

1. Bullish above ₹28,555, targeting ₹29,000+.
2. Bearish below ₹28,200, with possible retest of ₹27,021 & ₹26,800.

Disclaimer: This analysis is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to risks, and past performance does not guarantee future results. Investors should conduct their own research and consult a qualified financial advisor before making any investment decisions.