Shree Cements share price: Share price of Shree Cements rises by 0.42% due to rise in Sensex

Shares of Shree Cements Ltd. were trading 0.42% higher on Wednesday in session at 12:29 PM IST. The stock opened at Rs 28684.95 and has hit intraday highs and lows of Rs 28740.0 and Rs 28571.3 respectively during the session so far.

The stock has a 52-week high of Rs 28950.0 and a 52-week low of 21433.25. About 146 shares have been traded so far.

Benchmark Nifty50 was up 58.05 points at 21511.15, while BSE Sensex was trading 140.2 points higher at 71577.39 at the time of writing.

In the Nifty pack, 30 stocks traded in the green and 20 stocks traded in the red on the day.

main financial

For the quarter ended September 30, 2023, the company reported consolidated revenue of Rs 4,932.11 crore, down 5.77 per cent compared to Rs 5,233.9 crore in the previous quarter and down 17.5 per cent year-on-year. The company recorded a net profit of Rs 446.63 crore in the latest quarter.

Promoter Holdings
As on September 30, 2023, the promoters hold 62.55% stake in the company, FIIs hold 12.22% and MFs hold 7.68%.

technology
On the technical charts, the 200-day moving average (DMA) of the stock on December 20 was Rs 25381.64 and the 50-day DMA was Rs 26711.25. If a stock is trading above the 50-DMA and 200-DMA, this usually means the immediate trend is up. On the other hand, if a stock is trading well below both the 50-DMA and 200-DMA, it is considered to be in a bearish trend, while if it is trading between these averages, it indicates that the stock could go in either direction.