Shree Cements declines 1.74% as Sensex slides

Shares of Shree Cements Ltd. traded at Rs 22222.25 on BSE at 01:22PM (IST) on Wednesday, down 1.74 per cent from previous close.

The stock 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 up opening in the morning.

A total of 464 lakh shares changed hands on the counter till 01:22PM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 80179.54 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 50.05, 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, 73 stocks traded in the green, while 428 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 foreign 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 22250.17 on January 25, while the 50-DMA was at 23737.02. 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.