The Economic Times daily newspaper is available online now.

    Shree Cements share price down 0.55 per cent

    Synopsis

    A total of 484 shares changed hands on the counter till 01:53PM (IST).

    macdGetty Images
    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of Shree Cements Ltd. traded 0.55 per cent up at Rs 25650.0 at around 01:53PM (IST) on Wednesday. The stock had closed at Rs 25791.4 in the previous session. Equity benchmark Sensex traded 190.23 points higher at 62983.11 around the same time.


    The scrip has climbed 29.52 per cent in the last one year till date, while the 30-share index has gained 13.73 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 484 shares, while it quoted a price-to-earnings ratio of 72.86, an EPS value of 352.18 and a price-to-book value of 5.07. In the Nifty50 pack, 38 stocks traded in the green, while 12 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 MF ownership stood at 12.82 per cent and 6.88 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 5245.91 crore, up 17.27 per cent from the previous quarter's Rs 4473.38 crore and up 16.53 per cent from the year-ago quarter's Rs 4501.6 crore. The company reported net profit of Rs 525.77 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish 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.
    Experience Your Economic Times Newspaper, The Digital Way!
    • Front Page
    • Pure Politics
    • Companies
    • Around the World
    • More
      (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

      Download The Economic Times News App to get Daily Market Updates & Live Business News.

      Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
      ...more
      The Economic Times

      Stories you might be interested in