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    Shree Cements stock price down 1.61 per cent as Sensex slides

    Synopsis

    As of 30-Sep-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

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    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Shree Cements Ltd. fell 1.61 per cent to Rs 23852.05 at 01:17PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 278 shares with a turnover of Rs 0.67 crore till 01:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 53.75, 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. The stock hit an intraday high of Rs 24346.55 and a low of Rs 23840.0 during the session and quoted a 52-week high price of Rs 27932.6 and a 52-week low of Rs 17900.0.

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

    Technical Indicators

    The 200-DMA (day moving average) of the stock stood at Rs 22272.57 on January 06, while the 50-DMA was at Rs 23512.61. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

    The Relative Strength Index (RSI) of the stood at 51.82. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

    Promoter holding

    As of 30-Sep-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 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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