Shree Cements share price up 0.68 per cent

Shares of Shree Cements Ltd. traded 0.68 per cent up at Rs 24037.55 at around 11:07AM (IST) on Tuesday. The stock had closed at Rs 23875.25 in the previous session. Equity benchmark Sensex traded 86.63 points higher at 60142.73 around the same time.


The scrip has declined 6.38 per cent in the last one year till date, while the 30-share index has gained 5.44 per cent during the same period.

The stock's 52-week high price stood at Rs 27013.0 and the 52-week low price at Rs 17900.0.

Trading volume on the counter stood at 224 shares, while it quoted a price-to-earnings ratio of 61.91, an EPS value of 388.62 and a price-to-book value of 4.96. In the Nifty50 pack, 33 stocks traded in the green, while 16 stocks were in the red.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Mar-2023, while FII and mutual funds' ownership stood at 12.82 per cent and 6.88 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 4473.38 crore, 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. The company reported net profit of Rs 282.07 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.