Share price of Shree Cements falls as Sensex drops 1098.87 points

Share price of Shree Cements falls as Sensex drops 1098.87 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

Promoters held 62.55 per cent stake in the company as of 31-Dec-2020, while FII and DII ownership stood at 12.18 per cent and 8.41 per cent, respectively.

It is the second largest discount broker at present after Zerodha, which is the largest broker among full service and discount category.

INSIGHTS

Read Stock Insights by ET for a quick analysis

PEER COMPANIES

Explore Now
The share price of Ltd. dropped 3.58 per cent to Rs 29708.05 at 12:10PM (IST) in Monday's trade. The stock has hit a high of Rs 30415.85 and low of Rs 29570.2 so far during the session. The stock had closed at Rs 30811.5 in the previous session.

The counter has had a total traded volume of 637 shares so far with a value of Rs 1.9 crore on the NSE. It traded at a price-to-earnings multiple of 52.78 and a price-to-book ratio of 4.81.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 56.98 per cent during the past one year, while the 30-share index advanced 72.92 per cent during the same period.

Shree Cements Ltd. belongs to the Cement - North industry.

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2020, while foreign investors and domestic institutional investors ownership stood at 12.18 per cent and 8.41 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 3649.38 crore for the quarter ended 31-Dec-2020, up 8.83 per cent from the previous quarter's Rs 3353.33 crore and up 13.63 per cent from the year-ago quarter's Rs 3211.65 crore.

Profit for the latest quarter stood at Rs 630.87 crore, up 103.75 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Shree Cements Ltd.. Explore Now