Shree Cements Share Price: Shree Cements share price down 0.2 per cent

Shares of Ltd. traded 0.2 per cent up at Rs 29666.95 at around 01:22PM (IST) on Thursday. The stock had closed at Rs 29726.95 in the previous session. Equity benchmark Sensex traded 727.18 points higher at 59654.51 around the same time.

The scrip has climbed 56.4 per cent in the last one year till date, while the 30-share index has gained 53.56 per cent during the same period.

The stock’s 52-week high price stood at Rs 32050.0 and the 52-week low price at Rs 18214.4.

Trading volume on the counter stood at 10,101 shares, while it quoted a price-to-earnings ratio of 41.39, an EPS value of 716.77 and a price-to-book value of 6.91. In the Nifty50 pack, 38 stocks traded in the green, while 12 stocks were in the red.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership stood at 13.02 per cent and 7.92 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 3775.94 crore, down 12.86 per cent from the previous quarter’s Rs 4333.37 crore and down 44.86 per cent from the year-ago quarter’s Rs 2606.58 crore. The company reported net profit of Rs 629.9 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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