Shree Cements 0.02% as Sensex

The stock traded at a P/E multiple of 56.86, while the price-to-book value ratio stood at 4.48.

By ETMarkets.com | Dec 04, 2024, 12.04 PM IST

Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.

Shares of Shree Cements Ltd. traded at Rs 27160.95 on BSE at 12:03PM (IST) on Wednesday, 0.02 per cent from previous close.

The scrip quoted a 52-week low price of Rs 23500.15 and a high of Rs 30710.15.

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

A total of 145 lakh shares changed hands on the counter till 12:03PM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 98464.18 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 56.86, while the price-to-book value ratio stood at 4.48. Return on equity (ROE) was at 11.57 per cent, according to exchange data.

In the BSE500 pack, 316 stocks traded in the green, while 183 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.1597.

Promotor/FII Holding
Promoters held 62.55 per cent in Shree Cements Ltd. as of 30-Sep-2024 while foreign and domestic institutional investors owned 10.39 per cent and 9.24 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 25754.05 on December 04, while the 50-DMA was at 25162.47. 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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