Shree Cements shares up 0.2% as Nifty gains
A total of 222 shares changed hands on the counter till 12:12PM (IST).
NEW DELHI: Shares of traded 0.2 per cent up in Friday's trade at 12:12PM (IST). Around 222 shares changed hands on the counter.The stock opened at Rs 25600.0 and touched an intraday high and low of Rs 25710.3 and Rs 25382.0, respectively, in the session so far. The stock of quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
As per , the total market cap of the . stood at Rs 91956.84 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 5370.65 crore for the quarter ended 31-Dec-2023, up 8.89 per cent from previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
The net profit for latest quarter stood at Rs 701.89 crore, up 148.84 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 7.55 per cent stake in the firm, while foreign institutional investors held 12.48 per cent and the promoters 62.55 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 38.57 and a price-to-book ratio of 5.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
