Share price of Shree Cements falls as Sensex gains 43.52 points

The share price of Ltd. dropped 0.15 per cent to Rs 26686.1 at 02:05PM (IST) in Thursday's trade. The stock has hit a high of Rs 26994.1 and low of Rs 26376.9 so far during the session. The stock had closed at Rs 26726.9 in the previous session.

The counter has had a total traded volume of 775 shares so far with a value of Rs 2.05 crore on the NSE. It traded at a price-to-earnings multiple of 36.73 and a price-to-book ratio of 6.91.

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 7.93 per cent during the past one year, while the 30-share index advanced 34.32 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-Sep-2021, while FIIs and domestic institutional investors ownership stood at 13.53 per cent and 7.64 per cent, respectively.

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

Profit for the latest quarter stood at Rs 562.83 crore, up 6.8 per cent from the same quarter a year ago.