Shree Cements shares up 0.76% as Sensex rises
Shree Cements Ltd. gained 0.76 per cent to Rs 23989.15 in Friday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 82.55 points higher at 64913.96.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 27013.0 and a 52-week low of Rs 20165.8 on NSE. Around 315 shares changed hands on the counter till 10:25AM (IST).
The stock opened at Rs 23900.95 and has touched an intraday high and low of Rs 24165.0 and Rs 23900.15 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 55.5, earnings per share (EPS) of Rs 433.33 and price to book value (PB) of 5.07, while the return on equity (ROE) stood at Rs 6.81.
Promoter/ FII Holding
The promoters held 62.55 per cent stake in the company as of September 01, while FII and MF ownerships stood at 12.62 per cent and 7.15 per cent, respectively.
Key Financials With a market capitalisation of Rs 86777.81 crore, the company operates in the Cement — North industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 5233.9 crore, down 0.23 per cent from the previous quarter?s Rs 5245.91 crore and down 19.09 per cent from the same quarter a year ago.
The company reported net profit of Rs 572.3 crore for the latest quarter, up 104.76 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 50.37. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a
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