Shree Cements shares up 1.04% as Nifty gains

Shares of Shree Cements Ltd. rose 1.04 per cent to Rs 25461.65 in Wednesday's trade. It hit an intraday high of Rs 25495.0 and low of Rs 25100.05, respectively, during the day.

The stock quoted a 52-week high price of Rs 27013.0 and low of Rs 17900.0.

As of 11:53AM (IST), the counter saw total traded volume of 183 shares with a traded value of Rs 0.46 crore, according to NSE.

The stock had closed at Rs 25199.95 in the previous session.

The scrip has declined -2.61 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -2.81 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 65.57 while price-to-book ratio stood at 4.96. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Cement - North industry.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 12.5 per cent and 6.88 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4473.38 crore for the quarter ended 31-Dec-2022, up 6.58 per cent from the previous quarter's Rs 4197.37 crore and up 19.26 per cent from the year-ago quarter's Rs 3750.96 crore. Its net profit for the latest quarter stood at Rs 282.07 crore, down 41.48 per cent from the same quarter a year ago.