Shree Cements shares gain 0.65% as Sensex falls
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
Shares of traded 0.65 per cent higher in Friday's session at 11:36AM (IST). The stock opened at Rs 25750.0 and has touched an intraday high and low of Rs 25851.85 and Rs 25605.0, 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 202 shares changed hands on the counter so far.
Benchmark Nifty50 was down 79.25 points at 22674.55, while the BSE traded 264.68 points lower at 74773.47 at the time of writing of this report.
In the pack, 20 stocks traded the day in the green, while 30 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5370.65 crore, 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. The company reported net profit of Rs 701.89 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 12.47 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 25938.89 on April 12, while the 50-DMA was at Rs 26168.3. 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
