Share price of Shree Cements falls as Sensex gains 120.87 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 1.27 per cent to Rs 24047.55 at 11:21AM (IST) in Thursday's trade. The counter has hit a high of Rs 24526.75 and low of Rs 24023.75 so far during the session. The stock had closed at Rs 24358.95 in the previous session.The counter has had a total traded volume of 313 shares so far with a value of Rs 0.76 crore on the . It traded at a price-to-earnings multiple of 39.12 and a price-to-book ratio of 5.07.
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 declined 0.13 per cent during the past one year, while the 30-share index advanced 23.6 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 foreign investors and domestic institutional investors ownership stood at 12.48 per cent and 7.55 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 5370.65 crore for the quarter ended 31-Dec-2023, up 8.89 per cent from the previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
Profit 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
