Shree Cements stock price up 0.77 per cent as Sensex climbs
As of 31-Mar-2024, promoters held 62.55 per cent stake in the company, while FIIs held 12.48 per cent and domestic institutional investors had 7.55 per cent.
Shares of rose 0.77 per cent to Rs 24549.0 at 12:17PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.As per data available on , total traded quantity on the counter stood at 131 shares with a turnover of Rs 0.33 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 39.48, while the price-to-book value ratio stood at 5.07.
Return on equity (ROE) was at 6.81 per cent, according to exchange data. The stock hit an intraday high of Rs 24661.4 and a low of Rs 24407.35 during the session and quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 22601.3.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.16.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 25950.69 on April 22, while the 50-DMA was at Rs 25808.23. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 36.94. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Mar-2024, promoters held 62.55 per cent stake in the company, while foreign institutional investors held 12.46 per cent and domestic institutional investors had 12.14 per cent.
Source: Stocks-Markets-Economic Times
