Shree Cements declines 1.79% as Sensex slides

Shares of . traded at Rs 21023.25 on BSE at 12:44PM (IST) on Monday, down 1.79 per cent from previous close.

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

Earlier, the stock saw a opening in the morning.

A total of 366 lakh shares changed hands on the counter till 12:44PM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 75949.97 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 38.33, while the price-to-book value ratio stood at 4.96. Return on equity (ROE) was at 13.35 per cent, according to exchange data.

In the BSE500 pack, 150 stocks traded in the green, while 351 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.16.

Promotor/FII Holding
Promoters held 62.55 per cent in Shree Cements Ltd. as of 30-Jun-2022 while foreign portfolio investors and domestic institutional investors owned 11.85 per cent and 7.07 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 23711.61 on August 22, while the 50-DMA was at 20028.75. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.