New Delhi, March 28 -- Shree Cement share price hit 52-week high, surging over 4 per cent to Rs.31,215 on Friday's trading session after brokerage firm Nomura upgraded the stock to 'buy' from 'neutral' rating.

Shree Cement stock has gained nearly 5.34 per cent in past five trading sessions and has risen over 12.67 per cent in over a month.

The brokerage has increased its target price for the cement major from Rs.28,000 to Rs.34,000. In the previous session, the stock closed at Rs.30,451.95 per share.

Nomura stated in its note that the recent rebound in Shree Cement's key markets, along with increased utilization, is expected to drive market share growth for the company.

Consequently, the brokerage has revised its volume estimates for ...