Shree Cements shares up 0.81% as Sensex falls
Shree Cements Ltd. gained 0.81 per cent to Rs 27473.5 in Monday's session as of 11:16AM (IST) even as the equity benchmark Sensex traded 79.72 points lower at 80524.93.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23023.05 on NSE. Around 123 shares changed hands on the counter till 11:16AM (IST).
The stock opened at Rs 27387.0 and has touched an intraday high and low of Rs 27670.3 and Rs 27330.55 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 41.67, earnings per share (EPS) of Rs 663.98 and price to book value (PB) of 4.48, while the return on equity (ROE) stood at Rs 11.57.
Promoter/ FII Holding
The promoters held 62.55 per cent stake in the company as of July 22, while FII and MF ownerships stood at 11.85 per cent and 7.91 per cent, respectively.
Key Financials With a market capitalisation of Rs 99836.51 crore, the company operates in the Cement — North industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5582.44 crore, up 3.94 per cent from the previous quarter?s Rs 5370.65 crore and up 6.42 per cent from the same quarter a year ago. The company reported net profit of Rs 674.88 crore for the latest quarter, up 28.36 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 51.46. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
