Shree Cements declines 0.37% as Sensex slides

Shares of Shree Cements Ltd. traded at Rs 26289.85 on BSE at 11:01AM (IST) on Wednesday, down 0.37 per cent from previous close.

The scrip quoted a 52-week low price of Rs 20165.8 and a high of Rs 27100.0.

Earlier, the stock saw a gap down opening in the morning.

A total of 146 lakh shares changed hands on the counter till 11:01AM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 94761.21 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 60.61, 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.

In the BSE500 pack, 148 stocks traded in the green, while 353 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-2023 while overseas and domestic institutional investors owned 12.62 per cent and 7.15 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 24631.6 on September 20, while the 50-DMA was at 24453.21. 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.