Share price of Shree Cements falls as Nifty weakens

Shares of Shree Cements Ltd. slipped 1.6 per cent to Rs 18880.0 in Monday's trade as of 10:35AM (IST).

The stock hit a high price of Rs 19168.95 and low of Rs 18612.0 during the session.

The return on equity (ROE) for the stock stood at 13.35 per cent. Traded volume on the counter stood at 10:35AM shares and turnover at Rs 1.43 crore around that time.

The stock of Shree Cements Ltd. quoted a 52-week high and 52-week low prices of Rs 31441.05 and Rs 18612.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.16.

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Mar-2022, while foreign investors held 12.2 per cent and domestic institutional investors had 11.16 per cent.

Key Financials
The company reported consolidated sales of Rs 4501.6 crore for the quarter ended 31-Mar-2022, up 20.01 per cent from previous quarter's Rs 3750.96 crore and up 3.88 per cent from the year-ago quarter's Rs 4333.37 crore.

Net profit after tax for the latest quarter stood at Rs 657.24 crore, down 17.68 per cent from the same quarter a year ago.