Shree Cements shares up 1.02% as Nifty gains

Shree Cements shares up 1.02% as Nifty gains
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Synopsis

A total of 522 shares changed hands on the counter till 01:56PM (IST).

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NEW DELHI: Shares of Ltd. traded 1.02 per cent up in Tuesday's trade at 01:56PM (IST). Around 522 shares changed hands on the counter.

The counter opened at Rs 26310.0 and touched an intraday high and low of Rs 26883.35 and Rs 26229.2, respectively, in the session so far. The stock of Shree Cements Ltd. quoted a 52-week high of Rs 32050.0 and a 52-week low of Rs 22600.0.

As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 96565.61 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3526.95 crore for the quarter ended 30-Sep-2021, down 6.59 per cent from previous quarter's Rs 3775.94 crore and down 5.18 per cent from the year-ago quarter's Rs 3353.33 crore.

The net profit for latest quarter stood at Rs 562.83 crore, up 6.8 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, DIIs held 7.64 per cent stake in the firm, while foreign institutional investors held 13.53 per cent and the promoters 62.55 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 36.83 and a price-to-book ratio of 6.91. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

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