Share price of Shree Cements falls as Nifty strengthens
A total of 314 shares changed hands on the counter till 12:18PM (IST).
Shares of slipped 0.14 per cent to Rs 25351.0 in Friday's trade as of 12:18PM (IST).The stock hit a high price of Rs 25493.85 and low of Rs 25238.15 during the session.
The return on equity (ROE) for the stock stood at 6.81 per cent. Traded volume on the counter stood at 12:18PM shares and turnover at Rs 0.8 crore around that time.
The stock of quoted a 52-week high and 52-week low prices of Rs 30710.15 and Rs 22601.3, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.16.
Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2023, while FIIs held 12.31 per cent and domestic institutional investors had 12.37 per cent.
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 previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
Net profit after tax 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
