Shree Cements shares down 0.33% as Nifty drops

economictimes.indiatimes.com:

Shree Cements Ltd. traded 0.33 per cent down in Wednesday's trade at 11:37AM (IST). Around 303 shares changed hands on the counter.
The scrip opened at Rs 25124.75 and touched an intraday high and low of Rs 25124.75 and Rs 24898.45, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 90057.55 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5370.65 crore for the quarter ended 31-Dec-2023, up 8.89 per cent from previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
The net profit for latest quarter stood at Rs 701.89 crore, up 148.84 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 7.72 per cent stake in the company, while foreign institutional investors held 12.3 per cent and the promoters 62.55 per cent.

Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 40.09 and a price-to-book ratio of 5.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.