Share price of Shree Cements falls as Sensex gains 316.3 points
A total of 1,742 shares changed hands on the counter till 01:55PM (IST)
Share price of dropped 1.85 per cent to Rs 24883.45 at 01:55PM (IST) in Tuesday's trade. The counter hit a high of Rs 25300.4 and low of Rs 24800.05 so far during the session. The stock had closed at Rs 25354.9 in the previous session.The counter had a total traded volume of 01:55PM shares so far with a turnover of Rs 4.35 crore on . The stock traded at a price-to-earnings multiple of 39.88 and a price-to-book ratio of 5.07.
A higher price-to-earnings 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 is the measure of the price that investors are ready to pay even for no growth in the business.
belongs to the Cement - North industry.
Promotor/FII Holding
Promoters held 62.55 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 12.31 per cent and 12.37 per cent, respectively.
Key Financials
The company reported consolidated net 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.
Its 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
