Shree Cements share price 0.52 per cent

Shares of Shree Cements Ltd. traded 0.52 per cent up at Rs 26120.75 at around 10:35AM (IST) on Wednesday. The stock had closed at Rs 25983.15 in the previous session. Equity benchmark Sensex traded 397.49 points at 77801.62 around the same time.


The scrip has 4.39 per cent in the last one year till date, while the 30-share index has gained 8.229999542236328 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 23500.15.

Trading volume on the counter stood at 74 shares, while it quoted a price-to-earnings ratio of 54.50, an EPS value of 479.98 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.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Sep-2024, while foreign institutional investors and MF ownership stood at 10.39 per cent and 9.24 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2024, the company reported consolidated sales of Rs 4235.5500 crore, 19.52 per cent from the previous quarter's Rs 5263.0900 crore and 14.12 per cent from the year-ago quarter's Rs 4932.1100 crore. The company reported net of Rs 76.44 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.