Shree Cements stock price down 0.05 per cent as Sensex climbs

Shares of Shree Cements Ltd. fell 0.05 per cent to Rs 24866.8 at 01:16PM 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 329 shares with a turnover of Rs 0.81 crore till 01:16PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.12, while the price-to-book value ratio stood at 6.91.

Return on equity (ROE) was at 14.84 per cent, according to exchange data. The stock hit an intraday high of Rs 24890.0 and a low of Rs 24600.0 during the session and quoted a 52-week high price of Rs 32050.0 and a 52-week low of Rs 23505.7.

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 27540.14 on February 16, while the 50-DMA was at Rs 25917.86. 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 46.5. 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-Dec-2021, promoters held 62.55 per cent stake in the company, while foreign institutional investors held 13.05 per cent and domestic institutional investors had 10.5 per cent.