Shree Cements shares gain 0.78% as Sensex rises

economictimes.indiatimes.com:

Shree Cements Ltd. traded 0.78 per cent higher in Monday's session at 12:02PM (IST). The stock opened at Rs 24840.0 and has touched an intraday high and low of Rs 24960.0 and Rs 24701.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23431.9. About 570 shares changed hands on the counter so far.

Benchmark Nifty50 was up 49.15 points at 24590.3, while the BSE Sensex traded 80.87 points higher at 80517.71 at the time of writing of this report.
In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.

Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5263.09 crore, down 5.72 per cent from the previous quarter's Rs 5582.44 crore and down 0.56 per cent from the year-ago quarter. The company reported net profit of Rs 278.61 crore for the latest quarter.
Promoter Holdings Promoters held 62.55 per cent stake in the company as of 30-Jun-2024, while FIIs held 11.85 per cent and MFs 7.91 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 26525.08 on August 19, while the 50-DMA was at Rs 26972.32. 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.