Shree Cements Ltd. shares up 1.19% as Nifty gains

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Shree Cements Ltd. shares  up  1.19% as Nifty  gains


Shares of Shree Cements Ltd. rose 1.19 per cent to Rs 29825.45 in Thursday’s trade. It hit an intraday high of Rs 29898.95 and low of Rs 29350.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 29898.95 and low of Rs 15500.0.

As of 12:50PM (IST), the counter saw total traded volume of 1,116 shares with a traded value of Rs 3.3 crore, according to NSE.

The stock had closed at Rs 29475.4 in the previous session.

The scrip has advanced 7.83 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -3.38 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 53.32 while price-to-book ratio stood at 4.81. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Cement – North industry.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 12.18 per cent and 8.41 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3649.38 crore for the quarter ended 31-Dec-2020, up 8.83 per cent from the previous quarter’s Rs 3353.33 crore and up 13.63 per cent from the year-ago quarter’s Rs 3211.65 crore. Its net profit for the latest quarter stood at Rs 630.87 crore, up 103.75 per cent from the same quarter a year ago.



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