Share price of Shree Cements jumps as Sensex gains 279.09 points
Promoters held 62.55 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 11.85 per cent and 7.91 per cent, respectively.
By ETMarkets.com |
ETMarkets.com
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
The share price of Shree Cements Ltd. gained 1.0 per cent to Rs 27572.35 at 10:45AM (IST) in Wednesday's trade. The counter has hit a high of Rs 27600.0 and low of Rs 27367.55 so far during the session. The stock had closed at Rs 27296.8 in the previous session.
The counter has had a total traded volume of 136 shares so far with a value of Rs 0.38 crore on the NSE. It traded at a price-to-earnings multiple of 41.53 and a price-to-book ratio of 4.48.
A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 14.64 per cent during the past one year, while the 30-share index advanced 22.53 per cent during the same period.
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 overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 7.91 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 5582.44 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from the previous quarter's Rs 5370.65 crore and up 6.42 per cent from the year-ago quarter's Rs 5245.91 crore.
Profit for the latest quarter stood at Rs 674.88 crore, up 28.36 per cent from the same quarter a year ago.
The counter has had a total traded volume of 136 shares so far with a value of Rs 0.38 crore on the NSE. It traded at a price-to-earnings multiple of 41.53 and a price-to-book ratio of 4.48.
A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 14.64 per cent during the past one year, while the 30-share index advanced 22.53 per cent during the same period.
Shree Cements Ltd. belongs to the Cement - North industry.
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Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 7.91 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 5582.44 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from the previous quarter's Rs 5370.65 crore and up 6.42 per cent from the year-ago quarter's Rs 5245.91 crore.
Profit for the latest quarter stood at Rs 674.88 crore, up 28.36 per cent from the same quarter a year ago.
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