Share price of Shree Cements falls as Sensex drops 274.94 points
Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 12.48 per cent and 7.55 per cent, respectively.
The share price of dropped 0.44 per cent to Rs 27351.75 at 01:44PM (IST) in Friday's trade. The counter has hit a high of Rs 27518.6 and low of Rs 26934.9 so far during the session. The stock had closed at Rs 27473.45 in the previous session.The counter has had a total traded volume of 132 shares so far with a value of Rs 0.37 crore on the . It traded at a price-to-earnings multiple of 41.19 and a price-to-book ratio of 4.48.
A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 7.43 per cent during the past one year, while the 30-share index advanced 27.41 per cent during the same period.
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 FIIs and domestic institutional investors ownership stood at 12.48 per cent and 7.55 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 5582.44 crore for the quarter ended 31-Mar-2024, up 3.94 per cent from the previous quarter's Rs 5370.65 crore and up 6.42 per cent from the year-ago quarter's Rs 5245.91 crore.
Profit for the latest quarter stood at Rs 674.88 crore, up 28.36 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
