Shree Cements shares down 0.11% as Sensex rises
Shree Cements Ltd. fell 0.11 per cent to Rs 25631.4 in Tuesday's session as of 01:44PM (IST) even as the equity benchmark Sensex traded 43.2 points higher at 65671.34.
Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 27013.0 and a 52-week low of Rs 20165.8 on NSE. Around 633 shares changed hands on the counter till 01:44PM (IST).
The stock opened at Rs 25160.15 and has touched an intraday high and low of Rs 25800.0 and Rs 25160.15 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 59.15, earnings per share (EPS) of Rs 433.33 and price to book value (PB) of 5.07, while the return on equity (ROE) stood at Rs 6.81.
Promoter/ FII Holding
The promoters held 62.55 per cent stake in the company as of September 05, while FII and MF ownerships stood at 12.62 per cent and 7.15 per cent, respectively.
Key Financials With a market capitalisation of Rs 92480.01 crore, the company operates in the Cement — North industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 5233.9 crore, down 0.23 per cent from the previous quarter?s Rs 5245.91 crore and down 19.09 per cent from the same quarter a year ago.
The company reported net profit of Rs 572.3 crore for the latest quarter, up 104.76 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 71.1. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way
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