Share price of Shree Cements jumps as Sensex drops 166.01 points

Share price of Shree Cements Ltd. gained 0.78 per cent to Rs 24932.05 at 12:53PM (IST) in Thursday's trade. The stock hit a high of Rs 25044.9 and low of Rs 24582.75 so far during the session. The stock had closed at Rs 24739.0 in the previous session.

The counter had a total traded volume of 12:53PM shares so far with a turnover of Rs 0.93 crore on BSE. The stock traded at a price-to-earnings multiple of 36.44 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.

The 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.

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 13.05 per cent and 10.5 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3750.96 crore for the quarter ended 31-Dec-2021, up 6.35 per cent from the previous quarter's Rs 3526.95 crore and up 2.78 per cent from the year-ago quarter's Rs 3649.38 crore.

Its profit for the latest quarter stood at Rs 481.97 crore, down 23.6 per cent from the same quarter a year ago.