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    Shree Cements declines 4.2% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 52.81, while the price-to-book value ratio stood at 4.96.

    Stock market-1200ThinkStock Photos
    Shares of Shree Cements Ltd. traded at Rs 23391.4 on BSE at 12:57PM (IST) on Monday, down 4.2 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 17900.0 and a high of Rs 26332.9.

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 451 lakh shares changed hands on the counter till 12:57PM (IST).

    The stock of Shree Cements Ltd. commanded a market value of Rs 84611.88 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 52.81, while the price-to-book value ratio stood at 4.96. Return on equity (ROE) was at 13.35 per cent, according to exchange data.

    In the BSE500 pack, 253 stocks traded in the green, while 248 stocks were in the red.

    The stock's beta value, which measures volatility in relation to the broader market, stood at 1.16.

    Promotor/FII Holding
    Promoters held 62.55 per cent in Shree Cements Ltd. as of 31-Dec-2022 while overseas and domestic institutional investors owned 11.85 per cent and 7.07 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 22275.04 on January 23, while the 50-DMA was at 23776.2. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.



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

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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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