Shree Cements Share Price: Shree Cements shares gain 0.65% as Sensex falls

Shares of Ltd. traded 0.65 per cent higher in Tuesday’s session at 11:22AM (IST). The stock opened at Rs 29699.95 and has touched an intraday high and low of Rs 29800.0 and Rs 29477.45, respectively, during the session so far.

The stock quoted a 52-week high of Rs 32050.0 and a 52-week low of 19103.3. About 259 shares changed hands on the counter so far.

Benchmark Nifty50 was down 53.25 points at 17801.85, while the BSE Sensex traded 238.78 points lower at 59839.1 at the time of writing of this report.



In the Nifty pack, 21 stocks traded the day in the green, while 29 were in the red.

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. The company reported net profit of Rs 629.9 crore for the latest quarter.


Promoter Holdings

Promoters held 62.55 per cent stake in the company as of 30-Jun-2021, while FIIs held 13.02 per cent and MFs 7.92 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 27449.87 on September 28, while the 50-DMA was at Rs 28510.43. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

Source Link