Shree Cements shares up 0.81% as Nifty gains
Shree Cements Ltd. traded 0.81 per cent up in Tuesday's trade at 10:45AM (IST). Around 58 shares changed hands on the counter.
The counter opened at Rs 25151.3 and touched an intraday high and low of Rs 25597.15 and Rs 25151.3, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 90747.77 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 5582.44 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from previous quarter's Rs 5370.65 crore and up 6.42 per cent from the year-ago quarter's Rs 5245.91 crore.
The net profit for latest quarter stood at Rs 674.88 crore, up 28.36 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 7.55 per cent stake in the company, while foreign institutional investors held 12.48 per cent and the promoters 62.55 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 37.88 and a price-to-book ratio of 4.48. 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. belongs to the Cement — North industry.
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