Shree Cements stock price up 0.61 per cent as Sensex climbs
Shree Cements Ltd. rose 0.61 per cent to Rs 26478.35 at 10:45AM 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 229 shares with a turnover of Rs 0.61 crore till 10:45AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 42.7, while the price-to-book value ratio stood at 5.07.
Return on equity (ROE) was at 6.81 per cent, according to exchange data. The stock hit an intraday high of Rs 26799.85 and a low of Rs 26316.6 during the session and quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 22601.3.
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 25827.58 on February 16, while the 50-DMA was at Rs 27775.47. 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 41.74. 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 31-Dec-2023, promoters held 62.55 per cent stake in the company, while FIIs held 12.31 per cent and domestic institutional
