Share price of Shree Cements jumps as Sensex drops 120.33 points

Share price of Shree Cements Ltd. gained 0.89 per cent to Rs 26000.0 at 10:44AM (IST) in Thursday's trade. The scrip hit a high of Rs 26250.0 and low of Rs 25770.5 so far during the session. The stock had closed at Rs 25770.5 in the previous session.

The counter had a total traded volume of 10:44AM shares so far with a turnover of Rs 0.54 crore on BSE. The stock traded at a price-to-earnings multiple of 44.6 and a price-to-book ratio of 4.48.

A higher P/E ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.

Shree Cements Ltd. belongs to the Cement - North industry.

Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Jun-2024, while FIIs and domestic institutional investors ownership stood at 11.85 per cent and 12.78 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 5263.09 crore for the quarter ended 30-Jun-2024, down 5.72 per cent from the previous quarter's Rs 5582.44 crore and down 0.56 per cent from the year-ago quarter's Rs 5233.9 crore.

Its profit for the latest quarter stood at Rs 278.61 crore, down 51.32 per cent from the same quarter a year ago.