Dec 28, 2023: Shree Digvijay Cement is still languishing or consolidating near the August 2021 highs and is one stock where we have lot of steam left to get 30%-50% gains within next 3-4 months and 100% by the end of 2024 or Q1 2025.

On technical front, chart is ready for Breakout any week now, and comes with flying colors on all technical front.

On the fundamental side, It reported a net profit of Rs. 18.77 crore for the quarter ended September 30, 2023, compared to a net loss of Rs. 0.64 crore for the same period last year. Its revenue from operations increased by 25.6% to Rs. 121.66 crore.

Shree Digvijay Cement Co. Ltd is a company that manufactures and sells cement products in India. It offers various types of cement, such as oil well cement, sulphate resisting portland cement, portland pozzolana cement, and ordinary portland cement. It markets its products under the brand name “KAMAL CEMENT”. It has a network of over 1,000 channel partners in Gujarat and other states. It was founded in 1944 and is based in Jamnagar, Gujarat

It announced a dividend of Rs. 0.50 per equity share for the financial year 2022-23