Share price of Shree Cements falls as Sensex gains 680.86 points
A total of 251 shares changed hands on the counter till 12:32PM (IST)
Share price of dropped 0.26 per cent to Rs 24077.35 at 12:32PM (IST) in Monday's trade. The counter hit a high of Rs 24441.5 and low of Rs 24077.35 so far during the session. The stock had closed at Rs 24141.4 in the previous session.The counter had a total traded volume of 12:32PM shares so far with a turnover of Rs 0.61 crore on . The stock traded at a price-to-earnings multiple of 38.57 and a price-to-book ratio of 5.07.
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 is the measure of the price that investors are ready to pay even for no growth in the business.
belongs to the Cement - North industry.
Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 12.46 per cent and 12.14 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 5370.65 crore for the quarter ended 31-Dec-2023, up 8.89 per cent from the previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
Its profit for the latest quarter stood at Rs 701.89 crore, up 148.84 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
