Shree Cements Share Price: Shree Cements shares gain 1.43% as Sensex rises

Shares of Shree Cements Ltd. traded 1.43 per cent up at Rs 28039.9 at 11:16AM (IST) on Monday, even as BSE benchmark Sensex gained 119.36 points to 69944.96. The stock had closed at Rs 27643.4 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 28151.1 and Rs 21433.25, respectively.

As per BSE data, total traded volume on the counter till 11:16AM (IST) stood at 11:16AM shares with turnover at Rs 0.55 crore.

At the prevailing price, shares of the company trades at 55.38 times its trailing 12-month earnings per share of Rs 506.3 per share and 5.07 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 62.55 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.22 per cent and DIIs 12.36 per cent.

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