Shree Cements share price up 0.83 per cent

Shares of Shree Cements Ltd. traded 0.83 per cent up at Rs 24499.0 at around 10:54AM (IST) on Tuesday. The stock had closed at Rs 24296.4 in the previous session. Equity benchmark Sensex traded 205.12 points lower at 80946.15 around the same time. The scrip has declined 6.09 per cent in the last one year till date, while the 30-share index has gained 23.76 per cent during the same period.

The stock’s 52-week high price stood at Rs 30710.15 and the 52-week low price at Rs 23714.05.

Trading volume on the counter stood at 462 shares, while it quoted a price-to-earnings ratio of 42.05, an EPS value of 582.58 and a price-to-book value of 4.48. In the Nifty50 pack, 13 stocks traded in the green, while 37 stocks were in the red.

Growfast

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Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Sep-2024, while overseas investor and mutual funds’ ownership stood at 10.39 per cent and 9.24 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5263.09 crore, down 5.72 per cent from the previous quarter’s Rs 5582.44 crore and down 0.56 per cent from the year-ago quarter’s Rs 5233.9 crore. The company reported net profit of Rs 278.61 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

Forrás: eredeti cikk

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