Shree Cements shares rise 0.35% as Nifty gains
Shree Cements Ltd. traded 0.35 per cent up at Rs 25870.0 on Tuesday at around 11:36AM (IST), while the benchmark BSE Sensex advanced 193.27 points to 81752.81.
As many as 592 shares changed hands on the counter with a total value of Rs 1.52 crore.
The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23714.05.
On the technical charts, the 200-DMA of the stock stood at Rs 26456.31, while 50-DMA was at Rs 26319.02. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 0.31 per cent in the past one year, while Sensex has risen 24.16 per cent during the same period.
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