Shree Cements shares drop 0.85% as Sensex rises
A total of 499 shares changed hands on the counter till 01:33PM (IST)
Shares of traded 0.85 per cent down at Rs 25467.05 at 01:33PM (IST) on Thursday, even as benchmark gained 841.33 points to 75062.39. The scrip had settled at Rs 25685.95 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 30710.15 and Rs 22601.3, respectively.
As per BSE data, total traded volume on the counter till 01:33PM (IST) stood at 01:33PM shares with turnover at Rs 1.27 crore.
At the current price, shares of the company trades at 38.67 times its trailing 12-month EPS of Rs 663.98 per share and 4.48 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.16.
Shareholding Details
Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.46 per cent and DIIs 12.14 per cent.
Source: Stocks-Markets-Economic Times
