Shree Cements shares drop 2.77% as Sensex falls

Shree Cements shares drop 2.77% as Sensex falls
ETMarkets.com
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Synopsis

A total of 732 shares changed hands on the counter till 01:30PM (IST)

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Ltd. traded 2.77 per cent down at Rs 26388.45 at 01:30PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 682.14 points to 60072.72. The stock had settled at Rs 27141.05 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 32050.0 and Rs 22600.0, respectively.

As per BSE data, total traded volume on the counter till 01:30PM (IST) stood at 01:30PM shares with turnover at Rs 1.95 crore.

At the current price, the stock trades at 36.34 times its trailing 12-month EPS of Rs 726.71 per share and 6.91 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.16.

Shareholding Details
Promoters held 62.55 per cent stake in the company as of 31-Dec-2021, while FIIs owned 13.05 per cent and DIIs 10.5 per cent.

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