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    Share price of Shree Cements jumps as Sensex drops 320.33 points

    Synopsis

    A total of 538 shares changed hands on the counter till 12:18PM (IST)

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Share price of Shree Cements Ltd. gained 1.0 per cent to Rs 24003.85 at 12:18PM (IST) in Tuesday's trade. The scrip hit a high of Rs 24027.85 and low of Rs 23595.55 so far during the session. The stock had closed at Rs 23765.2 in the previous session.

    The counter had a total traded volume of 12:18PM shares so far with a turnover of Rs 1.28 crore on BSE. The stock traded at a price-to-earnings multiple of 54.05 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 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.

    Promotor/FII Holding
    Promoters held 62.55 per cent stake in the company as of 30-Sep-2022, while overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 10.79 per cent, respectively.

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

    Its profit for the latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the same quarter a year ago.



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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
    The Economic Times

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