Shree Cements shares drop 0.88% as Sensex rises
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
Shares of traded 0.88 per cent lower in Wednesday's session at 12:32PM (IST). The stock opened at Rs 25919.5 and has touched an intraday high and low of Rs 25919.5 and Rs 25533.2, respectively, during the session so far.The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 22601.3. About 353 shares changed hands on the counter so far.
Benchmark Nifty50 was up 42.21 points at 22571.25, while the BSE traded 167.04 points higher at 74120.35 at the time of writing of this report.
In the pack, 25 stocks traded the day in the green, while 25 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5582.44 crore, 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. The company reported net profit of Rs 674.88 crore for the latest quarter.
Promoter Holdings
Promoters held 62.55 per cent stake in the company as of 31-Mar-2024, while FIIs held 12.46 per cent and MFs 7.55 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 26090.46 on May 22, while the 50-DMA was at Rs 25325.1. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
