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Share price of Shree Cements rises as Nifty strengthens

admin by admin
May 29, 2023
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Shares of Shree Cements Ltd. gained 0.58 per cent to Rs 25135.7 in Monday’s trade as of 11:18AM (IST).

The stock hit a high price of Rs 25450.0 and low of Rs 25000.05 during the session.

The return on equity (ROE) for the stock stood at 6.81 per cent. Traded volume on the counter stood at 11:18AM shares and turnover at Rs 2.28 crore around that time.

The stock of Shree Cements Ltd. quoted a 52-week high and 52-week low prices of Rs 27013.0 and Rs 17900.0, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.16.

Promotor/FII Holding

Promoters held 62.55 per cent stake in the company as of 31-Mar-2023, while overseas investors held 12.82 per cent and domestic institutional investors had 11.46 per cent.

Key Financials
The company reported consolidated sales of Rs 5245.91 crore for the quarter ended 31-Mar-2023, up 17.27 per cent from previous quarter’s Rs 4473.38 crore and up 16.53 per cent from the year-ago quarter’s Rs 4501.6 crore.

Net profit after tax for the latest quarter stood at Rs 525.77 crore, down 20.0 per cent from the same quarter a year ago.

Tags: BSECementsNiftynsepricerisessensexShareShreeShree Cementsshree cements ltdShree Cements Share PriceStocks in newsstrengthens
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