Shree Cements Share Price: Shree Cements share price up 0.39 per cent

Shares of Ltd. traded 0.39 per cent up at Rs 29649.55 at around 10:56AM (IST) on Tuesday. The stock had closed at Rs 29532.9 in the previous session. Equity benchmark Sensex traded 191.78 points lower at 60353.83 around the same time.

The scrip has climbed 30.09 per cent in the last one year till date, while the 30-share index has gained 48.68 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 22115.35.

Trading volume on the counter stood at 325 shares, while it quoted a price-to-earnings ratio of 40.82, an EPS value of 726.71 and a price-to-book value of 6.91. In the Nifty50 pack, 23 stocks traded in the green, while 27 stocks were in the red.

Promoter/FII Holding
Promoters held 62.55 per cent stake in the company as of 30-Sep-2021, while FII and mutual funds’ ownership stood at 13.53 per cent and 7.64 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 3526.95 crore, down 6.59 per cent from the previous quarter’s Rs 3775.94 crore and down 5.18 per cent from the year-ago quarter’s Rs 3353.33 crore. The company reported net profit of Rs 562.83 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish 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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