Shree Cements shares gain 1.29% as Sensex rises
A total of 150 shares changed hands on the counter till 10:56AM (IST)
Shares of traded 1.29 per cent up at Rs 26142.0 at 10:56AM (IST) on Monday, even as benchmark gained 362.88 points to 74611.1. The scrip had closed at Rs 25807.85 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 10:56AM (IST) stood at 10:56AM shares with turnover at Rs 0.4 crore.
At the prevailing price, the stock trades at 41.94 times its trailing 12-month earnings per share of Rs 622.66 per share and 5.07 times its price-to-book value, BSE 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-Dec-2023, while FIIs owned 12.31 per cent and DIIs 12.37 per cent.
Source: Stocks-Markets-Economic Times
