Shares of Shree Cements fall as Nifty gains
Shree Cements Ltd. slipped 1.3 per cent to Rs 25915.0 in Friday's trade as of 12:23PM (IST).
It hit a high of Rs 26429.65 and low of Rs 25831.6 during the session.
The stock quoted a 52-week high price of Rs 27100.0 and a low of Rs 20165.8. The return on equity for the stock stood at 6.81 per cent.
About 565 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.16.
The scrip has been an outperformer, up 19.44 per cent in the past one year in comparison with a 12.31 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 20165.8 on September 22, while the 50-DMA was at Rs 24528.61. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 62.55 per cent stake in Shree Cements Ltd. as of 30-Jun-2023.
