Shree Cements stock price up 0.08 per cent as Sensex slides
Shree Cements Ltd. rose 0.08 per cent to Rs 25700.0 at 12:33PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 329 shares with a turnover of Rs 0.85 crore till 12:33PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 44.04, while the price-to-book value ratio stood at 4.48.
Return on equity (ROE) was at 11.57 per cent, according to exchange data. The stock hit an intraday high of Rs 25700.0 and a low of Rs 25275.0 during the session and quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23714.05.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.16.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 26459.25 on September 06, while the 50-DMA was at Rs 26403.34. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 52.78. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 30-Jun-2024, promoters held 62.55 per cent stake in the company, while overseas investors held 11.85 per cent and
