Shree Cements rises 1.14% as Sensex climbs

Shares of Shree Cements Ltd. traded at Rs 28196.55 on BSE at 11:06AM (IST) on Monday, up 1.14 per cent from previous close.

The stock quoted a 52-week low price of Rs 23023.05 and a high of Rs 30710.15.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 424 lakh shares changed hands on the counter till 11:06AM (IST).

The stock of Shree Cements Ltd. commanded a market value of Rs 100587.89 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 41.99, while the price-to-book value ratio stood at 4.48. Return on equity (ROE) was at 11.57 per cent, according to exchange data.

In the BSE500 pack, 388 stocks traded in the green, while 113 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 1.16.

Promotor/FII Holding
Promoters held 62.55 per cent in Shree Cements Ltd. as of 31-Mar-2024 while overseas and domestic institutional investors owned 12.48 per cent and 7.55 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 26406.68 on July 01, while the 50-DMA was at 25950.61. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.