Shree Cements shares fall 1.35 per cent in Wednesday's trading session
Shree Cements Ltd. fell 1.35 per cent to Rs 26300.0 in Wednesday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 19454.95, up 48.25 points.
The scrip had closed at Rs 26661.2 in the previous session.
The stock quoted a 52-week low of Rs 21433.25 and a high of Rs 27284.85. The company quoted a market-cap of Rs 94749.31 crore on the BSE.
On BSE, 603 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 51.87 times its trailing 12-month EPS of Rs 506.3 per share and 5.07 times its book value. The return on equity (ROE) stood at Rs 6.81.
Key Financials For the quarter ended 30-Sep-2023, Shree Cements Ltd.
reported consolidated sales of Rs 4932.11 crore, down 17.5 per cent from the same quarter a year ago. The company reported 143.58 per cent YoY growth in net profit at Rs 446.63 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
