Shree Cements shares gain 0.67% as Sensex rises
Shree Cements Ltd. traded 0.67 per cent up at Rs 25614.45 at 11:52AM (IST) on Thursday, even as BSE benchmark Sensex gained 471.36 points to 65697.4.
The scrip had closed at Rs 25443.15 in the previous session.
The stock quoted a 52-week high price of Rs 27100.0 and 52-week low of Rs 20165.8, respectively. As per BSE data, total traded volume on the counter till 11:52AM (IST) stood at 116 shares with a turnover of Rs 0.3 crore.
At the prevailing price, shares of the company traded at 59.11 times its trailing 12-month earnings per share of Rs 433.33 per share and 5.07 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.16.
Shareholding Details
Promoters held 62.55 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.62 per cent and DIIs 7.15 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 51.44. The RSI oscillates between zero and 100.
