Shree Cements rises 3.05% as Sensex slides

Shree Cements  rises  3.05% as Sensex  slides

Shares of . traded at Rs 22308.65 on BSE at 10:10AM (IST) on Wednesday, up 3.05 per cent from previous close.

The stock quoted a 52-week low price of Rs 17900.0 and a high of Rs 31441.05.

Earlier, the stock saw a gap down opening in the morning.

A total of 801 lakh shares changed hands on the counter till 10:10AM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 80365.9 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 40.56, 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, 313 stocks traded in the green, while 187 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 30-Jun-2022 while foreign portfolio investors 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 23309.81 on September 07, while the 50-DMA was at 20662.88. 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.

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