#Shree Cements Ltd. #Stocks #Markets #Sensex #Technical Analysis #Moving Averages #Promoter Holding #FII Holding #Stock Performance #Stock Volatility #Equity Return #Market Trends #Stock Analysis #Investment Analysis
Shree Cements Ltd. gained 0.99 per cent to Rs 27886.85 in Tuesday’s trade as of 10:25 AM (IST), hitting a high of Rs 27979.5 and a low of Rs 27016.0 during the session. The stock has seen a 52-week high price of Rs 29249.1 and a low of Rs 21433.25, with a return on equity standing at 6.81 per cent. Approximately 685 shares have exchanged hands on the counter thus far, with a beta value of 1.16.
The stock has outperformed, experiencing a 20.85 per cent increase in the past year compared to an 18.05 per cent gain in Sensex. On the technical charts, the 200-day moving average (DMA) of the stock was at Rs 21433.25 on January 23, with the 50-DMA at Rs 27371.48. If a stock trades well above 50-DMA and 200-DMA, it usually signifies an upward trend, while trading well below both indicates a bearish trend. Trading between these averages suggests the stock could go either way.
In terms of ownership, promoters held 62.55 per cent stake in Shree Cements Ltd. as of December 31st, 2023. Mutual funds and foreign institutional investors held 7.72 per cent and 12.3 per cent stake, respectively.
This data provides important insights for investors and analysts into the performance and ownership structure of Shree Cements Ltd. Understanding these metrics can be crucial for making informed decisions in the stock market.
News Summery in points:
– Shree Cements Ltd. shares gained 0.99% to Rs 27886.85 in Tuesday’s trade as of 10:25AM
– The stock hit a high of Rs 27979.5 and a low of Rs 27016.0 during the session
– It has a 52-week high price of Rs 29249.1 and a low of Rs 21433.25
– The return on equity for the stock is 6.81%
– About 685 shares have changed hands on the counter so far
– The stock’s beta value is 1.16
– It has outperformed with a 20.85% gain in the past year compared to a 18.05% gain in Sensex
– The 200-day moving average of the stock was at Rs 21433.25 on January 23, and the 50-DMA was at Rs 27371.48
– Promoters hold 62.55% stake, while mutual funds and foreign institutional investors hold 7.72% and 12.3% stake respectively
