Shree Cements shares drop 1.33% as Sensex falls
Shree Cements Ltd. traded 1.33 per cent lower in Wednesday's session at 11:33AM (IST). The stock opened at Rs 27096.35 and has touched an intraday high and low of Rs 27096.35 and Rs 26590.8, respectively, during the session so far.
The stock quoted a 52-week high of Rs 29249.1 and a 52-week low of 21433.25. About 325 shares changed hands on the counter so far.
Benchmark Nifty50 was down 293.65 points at 21738.65, while the BSE Sensex traded 1103.29 points lower at 72025.48 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 34 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 4932.11 crore, down 5.77 per cent from the previous quarter's Rs 5233.9 crore and down 17.5 per cent from the year-ago quarter. The company reported net profit of Rs 446.63 crore for the latest quarter.
Promoter Holdings Promoters held 62.55 per cent stake in the company as of 31-Dec-2023, while FIIs held 12.31 per cent and MFs 7.72 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 25577.66 on January 17, while the 50-DMA was at Rs 27314.42. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
