Shree Cements share price up 0.84 per cent

economictimes.indiatimes.com:

Shree Cements Ltd. traded 0.84 per cent up at Rs 24092.15 at around 11:49AM (IST) on Monday. The stock had closed at Rs 23892.25 in the previous session.

Equity benchmark Sensex traded 380.98 points higher at 65099.54 around the same time. The scrip has climbed 25.32 per cent in the last one year till date, while the 30-share index has gained 22.76 per cent during the same period. The stock's 52-week high price stood at Rs 27013.0 and the 52-week low price at Rs 18876.75.

Trading volume on the counter stood at 765 shares, while it quoted a price-to-earnings ratio of 68.44, an EPS value of 352.18 and a price-to-book value of 5.07. In the Nifty50 pack, 25 stocks traded in the green, while 25 stocks were in the red.Promoter/FII Holding Promoters held 62.55 per cent stake in the company as of 31-Mar-2023, while FII and MF ownership stood at 12.82 per cent and 6.88 per cent, respectively.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 5245.91 crore, up 17.27 per cent from the previous quarter's Rs 4473.38 crore and up 16.53 per cent from the year-ago quarter's Rs 4501.6 crore. The company reported net profit of Rs 525.77 crore for the latest quarter.Technical Indicators The MACD signalled a bearish bias on the counter.

The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities.