Shree Cements Proportion Value: Shree Cements stocks fell 2.06% because of Nifty drop

Inventory . round 2:15 pm (IST) on Tuesday fell 2.06% to Rs 22,600.0, whilst the benchmark BSE Sensex rose 15.64 issues to 60,957.31.

As many as 1,114 stocks modified palms at the counter with a complete price of Rs 2.53 crore.

Stocks posted a 52-week prime of Rs 26,332.9 and a 52-week low of Rs 17,900.0.

At the technical charts, the 200-day transferring reasonable of the inventory used to be Rs 22,271.08 and the 50-day transferring reasonable used to be Rs 23,760.37. If a inventory is buying and selling above the 50 DMA and 200 DMA, it typically implies that the quick development is up. However, if a inventory is buying and selling underneath 50 DMA and 200 DMA, it is regarded as bearish, and whether it is buying and selling between 50 DMA and 200 DMA, then it means that the inventory can move anyplace.

The corporate’s stocks are up 7.15% over the last 12 months, whilst Sensex stocks are up 3.25% over the similar length.

Consistent with BSE information, the stocks are buying and selling at a price-to-earnings a couple of of fifty.9 and a price-to-book ratio of four.96. A better P/E ratio displays that traders are keen to pay a better charge because of higher expectancies of long run expansion. Value-to-book price signifies the inherent price of an organization and displays the fee traders are keen to pay even though the trade does now not develop. The stocks belong to the Cement-North department.

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