Cement News

Shree Cements Share Price: Shree Cements shares drop 1.33% as Sensex falls

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Shares of . traded 1.33 per cent lower in Thursday’s session at 10:56AM (IST). The stock opened at Rs 21994.95 and has touched an intraday high and low of Rs 22651.2 and Rs 21752.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 30235.4 and a 52-week low of 17900.0. About 1,888 shares changed hands on the counter so far.

Benchmark Nifty50 was down 89.5 points at 17628.85, while the BSE Sensex traded 285.27 points lower at 59171.51 at the time of writing of this report.

In the Nifty pack, 15 stocks traded the day in the green, while 35 were in the red.

Key Financials

For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 4394.75 crore, 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. The company reported net profit of Rs 279.5 crore for the latest quarter.


Promoter Holdings

Promoters held 62.55 per cent stake in the company as of 30-Jun-2022, while FIIs held 11.85 per cent and MFs 7.07 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 23157.23 on September 22, while the 50-DMA was at Rs 21559.09. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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