The return on equity (ROE) for the stock stood at 11.66 per cent. Traded volume on the counter stood at 11:07AM shares and turnover at Rs 2.02 crore around that time. The stock of Shree Cements Ltd. quoted a 52-week high price of Rs 30620.6 and 52-week low prices of Rs 15900.0, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.16.
Promoters held 62.55 per cent stake in the company as of 31-Dec-2020, while overseas investors held 12.18 per cent and domestic institutional investors had 8.41 per cent.
The company reported consolidated sales of Rs 3649.38 crore for the quarter ended 31-Dec-2020, up 8.83 per cent from previous quarter’s Rs 3353.33 crore and up 13.63 per cent from the year-ago quarter’s Rs 3211.65 crore. Net profit after tax for the latest quarter stood at Rs 630.87 crore, up 103.75 per cent from the same quarter a year ago.
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 topof 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.