Shree Cements shares drop 1.3% as Sensex falls

Shree Cements shares drop 1.3% as Sensex falls
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Synopsis

A total of 923 shares changed hands on the counter till 12:12PM (IST)

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of . traded 1.3 per cent down at Rs 20655.45 at 12:12PM (IST) on Thursday, even as BSE benchmark Sensex dropped 278.81 points to 58071.72. The scrip had closed at Rs 20928.2 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 31441.05 and Rs 17900.0, respectively.

As per BSE data, total traded volume on the counter till 12:12PM (IST) stood at 12:12PM shares with turnover at Rs 1.91 crore.

At the prevailing price, the stock trades at 37.61 times its trailing 12-month earnings per share of Rs 549.2 per share and 4.96 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 30-Jun-2022, while FIIs owned 11.85 per cent and DIIs 11.22 per cent.
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