Share price of Shree Cements jumps as Sensex drops 596.11 points
Shree Cements Ltd. gained 1.06 per cent to Rs 26387.4 at 12:38PM (IST) in Thursday's trade.
The counter hit a high of Rs 26495.0 and low of Rs 25938.15 so far during the session. The stock had closed at Rs 26110.25 in the previous session.
The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 1.04 crore on BSE.
The stock traded at a price-to-earnings multiple of 60.7 and a price-to-book ratio of 5.07.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Shree Cements Ltd. belongs to the Cement — North industry.
Promotor/FII Holding Promoters held 62.55 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 12.62 per cent and 11.73 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 5233.9 crore for the quarter ended 30-Jun-2023, down 0.23 per cent from the previous quarter's Rs 5245.91 crore and down 19.09 per cent from the year-ago quarter's Rs 4394.75 crore.
Its profit for the latest quarter stood at Rs 572.3 crore, up 104.76 per cent from the same quarter a year ago.
