Shree Cements shares drop 0.95% as Sensex falls

economictimes.indiatimes.com:

Shree Cements Ltd. traded 0.95 per cent lower in Monday's session at 01:50PM (IST). The stock opened at Rs 27689.9 and has touched an intraday high and low of Rs 27689.9 and Rs 26966.8, respectively, during the session so far.
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23023.05. About 363 shares changed hands on the counter so far.

Benchmark Nifty50 was down 37.1 points at 24286.75, while the BSE Sensex traded 106.67 points lower at 79889.93 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 33 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5582.44 crore, up 3.94 per cent from the previous quarter's Rs 5370.65 crore and up 6.42 per cent from the year-ago quarter. The company reported net profit of Rs 674.88 crore for the latest quarter.
Promoter Holdings Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FIIs held 12.46 per cent and MFs 7.55 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 26441.62 on July 08, while the 50-DMA was at Rs 26270.96. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.