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    Shree Cements shares up 0.25% as Nifty drops

    Synopsis

    A total of 165 shares changed hands on the counter till 01:01PM (IST).

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    NEW DELHI: Shares of Shree Cements Ltd. traded 0.25 per cent up in Tuesday's trade at 01:01PM (IST). Around 165 shares changed hands on the counter.

    The scrip opened at Rs 23474.95 and touched an intraday high and low of Rs 23580.0 and Rs 23446.9, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 27932.6 and a 52-week low of Rs 17900.0.

    As per BSE, the total market cap of the Shree Cements Ltd. stood at Rs 84789.76 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 4197.37 crore for the quarter ended 30-Sep-2022, down 4.49 per cent from previous quarter's Rs 4394.75 crore and down 19.01 per cent from the year-ago quarter's Rs 3526.95 crore.

    The net profit for latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Sep-2022, domestic institutional investors held 7.07 per cent stake in the firm, while foreign institutional investors held 11.85 per cent and the promoters 62.55 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 52.93 and a price-to-book ratio of 4.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Shree Cements Ltd. belongs to the Cement - North industry.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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