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    Shree Cements stock price down 1.78 per cent as Sensex slides

    Synopsis

    As of 31-Mar-2021, promoters held 62.55 per cent stake in the company, while FIIs held 12.51 per cent and domestic institutional investors had 8.3 per cent.

    PTI
    Sensex slipped 73 points, or 0.2 per cent, while Nifty added 2 points last week.
    Shares of Ltd. fell 1.78 per cent to Rs 28470.55 at 01:59PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 1,086 shares with a turnover of Rs 3.1 crore till 01:59PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 45.02, while the price-to-book value ratio stood at 4.81.

    Return on equity (ROE) was at 14.84 per cent, according to exchange data. The stock hit an intraday high of Rs 28866.0 and a low of Rs 28344.65 during the session and quoted a 52-week high price of Rs 32050.0 and a 52-week low of Rs 18214.4.

    Did you Know?

    Stock score of Shree Cement Ltd moved down by 1 in a week.

    View Latest Stock Report  »

    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 24849.81 on June 09, while the 50-DMA was at Rs 28500.73. 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 54.7. 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-Mar-2021, promoters held 62.55 per cent stake in the company, while FIIs held 12.51 per cent and domestic institutional investors had 10.8 per cent.
    (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.)

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