Cement News

Shree Cements Share Price: Share price of Shree Cements falls as Nifty weakens

Shares of . slipped 1.12 per cent to Rs 23827.95 in Monday’s trade as of 01:55PM (IST).

The stock hit a high price of Rs 24094.85 and low of Rs 23708.35 during the session.

The return on equity (ROE) for the stock stood at 13.35 per cent. Traded volume on the counter stood at 01:55PM shares and turnover at Rs 0.63 crore around that time.

The stock of Shree Cements Ltd. quoted a 52-week high and 52-week low prices of Rs 27932.6 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 30-Sep-2022, while overseas investors held 11.85 per cent and domestic institutional investors had 10.79 per cent.

Key Financials

The company reported consolidated sales of Rs 4197.37 crore for the quarter ended 30-Sep-2022, down 4.49 per cent from previous quarter’s Rs 4394.75 crore and down 19.01 per cent from the year-ago quarter’s Rs 3526.95 crore.

Net profit after tax for the latest quarter stood at Rs 183.36 crore, down 67.42 per cent from the same quarter a year ago.

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