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    Shree Cements shares drop 0.21% as Sensex rises

    Synopsis

    A total of 192 shares changed hands on the counter till 12:56PM (IST)

    stock-market-5---GettyGetty Images
    Shares of Shree Cements Ltd. traded 0.21 per cent down at Rs 23763.0 at 12:56PM (IST) on Monday, even as BSE benchmark Sensex gained 855.04 points to 60755.41. The stock had closed at Rs 23813.8 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 27932.6 and Rs 17900.0, respectively.

    As per BSE data, total traded volume on the counter till 12:56PM (IST) stood at 12:56PM shares with turnover at Rs 0.46 crore.

    At the current price, the stock trades at 53.5 times its trailing 12-month earnings per share of Rs 444.02 per share and 4.96 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

    Shareholding Details
    Promoters held 62.55 per cent stake in the company as of 30-Sep-2022, while FIIs owned 11.85 per cent and DIIs 10.79 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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