Shree Cements shares rise 3.28 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 58.85 on Friday.
Shares of rose 3.28 per cent to Rs 25618.05 in Friday's trade as of 10:00AM (IST) even as the benchmark ruled at 22767.25, up 119.05 points.The scrip had closed at Rs 24802.45 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 89489.09 crore on the .
On BSE, 350 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 38.57 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 Friday. 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
