Stocks

Shree Cements Share Price: Share price of Shree Cements jumps as Sensex drops 575.8 points

Share price of . gained 0.03 per cent to Rs 21635.0 at 12:44PM (IST) in Friday’s trade. The stock hit a high of Rs 21776.3 and low of Rs 21348.1 so far during the session. The stock had closed at Rs 21629.1 in the previous session.

The counter had a total traded volume of 12:44PM shares so far with a turnover of Rs 1.25 crore on BSE. The stock traded at a price-to-earnings multiple of 39.24 and a price-to-book ratio of 4.96.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Smart Talk



The 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.

Shree Cements Ltd. belongs to the Cement – North industry.

Promotor/FII Holding

Promoters held 62.55 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 11.85 per cent and 11.22 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 4394.75 crore for the quarter ended 30-Jun-2022, down 2.37 per cent from the previous quarter’s Rs 4501.6 crore and down 16.39 per cent from the year-ago quarter’s Rs 3775.94 crore.

Its profit for the latest quarter stood at Rs 279.5 crore, down 55.63 per cent from the same quarter a year ago.


Source link

Leave a Reply

Your email address will not be published.

Back to top button