Share price of Shree Cements jumps as Sensex gains 197.96 points

The share price of Shree Cements Ltd. gained 1.27 per cent to Rs 19347.6 at 11:36AM (IST) in Tuesday's trade. The stock has hit a high of Rs 19405.65 and low of Rs 18906.45 so far during the session. The stock had closed at Rs 19104.6 in the previous session.

The counter has had a total traded volume of 364 shares so far with a value of Rs 0.7 crore on the NSE. It traded at a price-to-earnings multiple of 29.71 and a price-to-book ratio of 4.96.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 31.66 per cent during the past one year, while the 30-share index advanced 3.16 per cent during the same period.

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

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Mar-2022, while foreign investors and domestic institutional investors ownership stood at 12.2 per cent and 7.43 per cent, respectively.

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

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