Shree Cements share price down 0.86 per cent

Shares of Shree Cements Ltd. traded 0.86 per cent up at Rs 19220.0 at around 01:19PM (IST) on Thursday. The stock had closed at Rs 19386.75 in the previous session. Equity benchmark Sensex traded 123.42 points higher at 53150.39 around the same time.


The scrip has declined 30.19 per cent in the last one year till date, while the 30-share index has gained 0.73 per cent during the same period.

The stock's 52-week high price stood at Rs 31441.05 and the 52-week low price at Rs 17900.0.

Trading volume on the counter stood at 540 shares, while it quoted a price-to-earnings ratio of 29.71, an EPS value of 646.31 and a price-to-book value of 4.96. In the Nifty50 pack, 22 stocks traded in the green, while 28 stocks were in the red.

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

Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 4501.6 crore, 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. The company reported net profit of Rs 657.24 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.