Shree Cements shares fall 0.15 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 58.21 on Wednesday.
Shares of fell 0.15 per cent to Rs 26478.0 in Wednesday's trade as of 11:57AM (IST) even as the benchmark ruled at 22450.95, down 2.35 points.The scrip had closed at Rs 26519.65 in the previous session. The stock quoted a 52-week low of Rs 22601.3 and a high of Rs 30710.15. The company quoted a market-cap of Rs 95396.42 crore on the .
On BSE, 364 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 42.46 times its trailing 12-month EPS of Rs 622.66 per share and 5.07 times its book value. The return on equity (ROE) stood at Rs 6.81.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 5370.65 crore, up 20.06 per cent from the same quarter a year ago. The company reported 148.84 per cent YoY growth in net profit at Rs 701.89 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
