Shree Cements declines 1.28% as Sensex climbs

Shares of Shree Cements Ltd. traded at Rs 26480.55 on BSE at 01:08PM (IST) on Tuesday, down 1.28 per cent from previous close.

The stock quoted a 52-week low price of Rs 22601.3 and a high of Rs 30710.15.

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

A total of 339 lakh shares changed hands on the counter till 01:08PM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 95787.17 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 42.64, 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, 221 stocks traded in the green, while 279 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 31-Dec-2023 while overseas and domestic institutional investors owned 12.3 per cent and 7.72 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 25849.73 on February 20, while the 50-DMA was at 27725.18. 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.

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