Shree Cements Share Price: Share price of Shree Cements rises by 1.27% due to rise in Sensex.
Earlier in the day, stocks witnessed the opening of the session. On NSE, the 52-week high price was announced at Rs 30,710.15 and the 52-week low price was posted at Rs 22,601.3. Around 121 shares were traded on the counter as of 11:16 am (IST).
The stock opened at Rs 25504.0 and has hit intraday highs and lows of Rs 25889.7 and Rs 25504.0 during the session so far. The stock offered a Price to Earnings (PE) ratio of 41.58, Earnings per Share (EPS) of Rs 622.66, Book Value (PB) of 5.07 and Return on Equity (ROE) of Rs 6.81.
Promoter/FII holdings
The promoters held 62.55 per cent stake in the company as on March 1, while FII and MF ownership was 12.31 per cent and 7.72 per cent respectively.
main financial
With a market capitalization of Rs 93411.97 crore, the company operates in the Cement – North industry. For the quarter ended December 31, 2023, the company reported consolidated revenue of Rs 5370.65 crore, up 8.89 per cent from Rs 4932.11 crore in the previous quarter and 20.06 per cent higher than the same quarter a year ago. The company reported a net profit of Rs 701.89 crore in the latest quarter, a 148.84% increase over the same period last year.
technical indicators
The stock’s relative strength index (RSI) is 39.94. RSI oscillates between 0 and 100. Traditionally, RSI values above 70 are considered overbought, and below 30 are considered oversold. Analysts say that the RSI indicator alone may not be enough and should not be viewed in isolation. Just as a fundamental analyst cannot provide a “buy” or “sell” recommendation using a single valuation ratio, get a trading call.
