Shree Cements shares up 0.64% as Nifty gains
Shree Cements Ltd. traded 0.64 per cent up in Monday's trade at 11:22AM (IST). Around 542 shares changed hands on the counter.
The stock opened at Rs 23900.0 and touched an intraday high and low of Rs 24215.0 and Rs 23900.0, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 27013.0 and a 52-week low of Rs 20061.65.
Total market cap of the Shree Cements Ltd. stood at Rs 87291.06 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 5233.9 crore for the quarter ended 30-Jun-2023, down 0.23 per cent from previous quarter's Rs 5245.91 crore and down 19.09 per cent from the year-ago quarter's Rs 4394.75 crore. The net profit for latest quarter stood at Rs 572.3 crore, up 104.76 per cent from the same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 7.15 per cent stake in the company, while foreign institutional investors held 12.62 per cent and the promoters 62.55 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 55.83 and a price-to-book ratio of 5.07.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. Shree Cements Ltd.
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