Shree Cements shares gain 1.19% as Sensex falls
Shree Cements Ltd. traded 1.19 per cent higher in Tuesday's session at 10:30AM (IST).
The stock opened at Rs 23254.1 and has touched an intraday high and low of Rs 23562.85 and Rs 23221.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 27013.0 and a 52-week low of 20061.65.
About 192 shares changed hands on the counter so far. Benchmark Nifty50 was down 9.3 points at 19663.05, while the BSE Sensex traded 74.23 points lower at 66310.55 at the time of writing of this report.
In the Nifty pack, 27 stocks traded the day in the green, while 23 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 5245.91 crore, up 17.27 per cent from the previous quarter's Rs 4473.38 crore and up 16.53 per cent from the year-ago quarter. The company reported net profit of Rs 525.77 crore for the latest quarter.Promoter Holdings Promoters held 62.55 per cent stake in the company as of 30-Jun-2023, while FIIs held 12.62 per cent and MFs 7.15 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 24169.0 on July 25, while the 50-DMA was at Rs 24691.35.
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.
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