Shree Cement shares surge 4% as Nomura upgrades rating to buy, sees stock rallying up to Rs 34,000

Shree Cement shares rose 3.6% after Nomura upgraded to "buy" with a Rs 34,000 target.

Strong recovery in core markets, better utilization, and lower fuel costs boost outlook.

Stock gained 19.57% in a year but RSI at 73.8 signals possible pullback.

Mixed analyst views: 12 "buy," 19 "hold," 8 "sell."