Shree Cements stock price up 2.76 per cent as Sensex climbs

Shares of Shree Cements Ltd. rose 2.76 per cent to Rs 25150.1 at 10:10AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 1,286 shares with a turnover of Rs 3.22 crore till 10:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 71.36, while the price-to-book value ratio stood at 5.07.

Return on equity (ROE) was at 6.81 per cent, according to exchange data. The stock hit an intraday high of Rs 25426.25 and a low of Rs 24430.55 during the session and quoted a 52-week high price of Rs 27013.0 and a 52-week low of Rs 17900.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 23537.88 on May 23, while the 50-DMA was at Rs 25050.51. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 57.07. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2023, promoters held 62.55 per cent stake in the company, while overseas investors held 12.82 per cent and domestic institutional investors had 11.46 per cent.