Shree Cement: Nomura maintains 'Buy' after Q1 EBITDA miss, retains target price at Rs 28,000

Nomura maintained a 'Buy' rating on Shree Cement with a Rs 28,000 target price after Q1 FY27 results. The company reported 10.49 million tonnes in volume, but EBITDA fell to Rs 1,075 crore. Nomura said, "Volume growth was among the strongest reported in the cement sector during the quarter."