Shree Cements Share Worth: Shree Cements declines 0.04% as Sensex climbs

Shares of Shree Cements Ltd. traded at Rs 27366.75 on BSE at 12:28PM (IST) on Thursday, down 0.04 per cent from earlier shut.

The scrip quoted a 52-week low worth of Rs 23023.05 and a excessive of Rs 30710.15.

Earlier, shares of the corporate noticed a spot up opening within the morning.

A complete of 128 lakh shares modified arms on the counter until 12:28PM (IST).

The inventory of Shree Cements Ltd. commanded a market worth of Rs 98586.86 crore, in response to BSE. The inventory traded at a price-to-earning (P/E) a number of of 41.15, whereas the price-to-book worth ratio stood at 4.48. Return on fairness (ROE) was at 11.57 per cent, in response to change knowledge. Within the BSE500 pack, 323 shares traded within the inexperienced, whereas 178 shares had been within the purple. The inventory’s beta worth, 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-Mar-2024 whereas abroad and home institutional buyers owned 12.48 per cent and seven.55 per cent, respectively.

Shifting averages
The 200-DMA of the inventory stood at 26430.77 on July 04, whereas the 50-DMA was at 26139.76. If a inventory trades under 50-DMA and 200-DMA, it normally means the speedy pattern is upward. However, if the inventory trades under 50-DMA and 200-DMA, it’s thought-about as bearish pattern and if trades between 50-DMA and 200-DMA, then it suggests the inventory can go both method.