Shree Cements shares up 0.5% as Nifty gains
A total of 91 shares changed hands on the counter till 12:27PM (IST).
NEW DELHI: Shares of traded 0.5 per cent up in Wednesday's trade at 12:27PM (IST). Around 91 shares changed hands on the counter.The scrip opened at Rs 24506.35 and touched an intraday high and low of Rs 24562.35 and Rs 24441.95, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.
Total market cap of the . stood at Rs 88354.54 crore at the time of writing this report.
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 previous quarter's Rs 4932.11 crore and up 20.06 per cent from the year-ago quarter's Rs 4473.38 crore.
The net profit for latest quarter stood at Rs 701.89 crore, up 148.84 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 7.55 per cent stake in the company, while foreign institutional investors held 12.47 per cent and the promoters 62.55 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 39.33 and a price-to-book ratio of 5.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
