Shree Cements Share Price: Shree Cements shares rise 0.5 per cent in Tuesday’s trading session

Shares of Ltd. rose 0.5 per cent to Rs 30225.0 in Tuesday’s trade as of 10:56AM (IST) even as the benchmark Nifty ruled at 17389.65, down 7.25 points.

The scrip had closed at Rs 30074.15 in the previous session. The stock quoted a 52-week low of Rs 18214.4 and a high of Rs 32050.0. The company quoted a market-cap of Rs 107260.49 crore on the BSE.

On BSE, 71 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 41.47 times its trailing 12-month EPS of Rs 716.77 per share and 6.91 times its book value. The return on equity (ROE) stood at Rs 14.84.


Key Financials

For the quarter ended 30-Jun-2021, Shree Cements Ltd. reported consolidated sales of Rs 3775.94 crore, down 44.86 per cent from the same quarter a year ago. The company reported 91.11 per cent YoY growth in net profit at Rs 629.9 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.