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    Share price of Shree Cements jumps as Sensex gains 314.74 points

    Synopsis

    Promoters held 62.55 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 13.02 per cent and 7.92 per cent, respectively.

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    The share price of Ltd. gained 1.35 per cent to Rs 28639.15 at 10:46AM (IST) in Monday's trade. The stock has hit a high of Rs 28760.0 and low of Rs 28330.75 so far during the session. The stock had closed at Rs 28256.95 in the previous session.

    The counter has had a total traded volume of 497 shares so far with a value of Rs 1.42 crore on the NSE. It traded at a price-to-earnings multiple of 45.28 and a price-to-book ratio of 6.91.

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

    Did you Know?

    Stock score of Shree Cement Ltd moved up by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    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 31.86 per cent during the past one year, while the 30-share index advanced 37.44 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 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 13.02 per cent and 7.92 per cent, respectively.

    Key Financials
    The firm reported consolidated sales of Rs 4333.37 crore for the quarter ended 31-Mar-2021, up 18.74 per cent from the previous quarter's Rs 3649.38 crore and up 23.34 per cent from the year-ago quarter's Rs 3513.31 crore.

    Profit for the latest quarter stood at Rs 798.43 crore, up 48.98 per cent from the same quarter a year ago.
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