Friday, October 18, 2024
31 C
Surat
31 C
Surat
Friday, October 18, 2024

Shares of Shree Cement fell 0.14% as the Sensex rose

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Shares of Shree Cements Ltd were down 0.14 per cent at 11:56AM (IST) on Friday, even as the BSE benchmark Sensex rose 31.48 points to 81038.09. traded at 24224.3.

In the previous session, the scrip was Rs. It closed at 24258.55. Shares respectively Rs. 30710.15 to its 52-week high and Rs. It showed a 52 week low of 23714.05. As per BSE data, the total traded volume over the counter till 11:56AM (IST) was Rs. There were 130 shares with a turnover of 0.32 crores.

At the current price, the stock has a trailing 12-month earnings per share of Rs. 582.58 at 41.51 times and traded at 4.48 times its price-to-book value, BSE data showed.

A high P/E ratio indicates that investors are willing to pay a high price for the stock today due to expectations of future growth.

Price-to-book value reflects the intrinsic value of a company and the price investors are willing to pay even if there is no growth in the business. The stock’s beta value, which measures its volatility relative to the broader market, stood at 1.16.

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    Shareholding details

    Promoters held 62.55 per cent stake in the company as on 30-Sep-2024, while FIIs held 10.39 per cent and DIIs 9.24 per cent.

    Technicals
    On the technical chart, the relative strength index (RSI) of the stock stood at 34.71. RSI oscillates between zero and 100. Conventionally, when the RSI value is above 70 it is considered an overbought position and when it is below 30 it is considered an oversold position. Chartists say, RSI should not be looked at in isolation, as it may not be enough to take. A trading call, as fundamental analysts cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio.

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