Shree Cements share price gained on June 30th: Stocks

Shree Cements share price gained on June 30th: Stocks

Shree Cements share price gained on June 30th: Stocks

New Delhi: To begin with, the share price of Shree Cements Ltd. gained in the morning trade today. The share price of the company increased by 1.44% in Intraday trade. Besides, the traded volume on the counter turned over around Rs. 0.41 crores.

Initially, the stock attained an Intraday trade high of Rs. 22,740.45. As well as it reached an Intraday trade low of Rs. 22,456.75 per equity share as of yet. However, the shares of the company quoted at the 52-week highest value of Rs. 25,341.20. It also quoted a 52-week lowest value of Rs. 15,500.00 in the trade so far.

On the other side, the company posted its consolidated net sales of Rs. 3,415.14 crores as of March 2020. Up to 8.55% from the previous quarter, which stood at Rs. 3,146.01 crores.

Despite this, the net profit after tax for the present quarter stood at Rs. 535.93 crores, up by 57.60% from the same quarter a year ago.

Besides, as of March 2020, the promoters of the company held 62.55% of its stake. Likewise, the FIIs held an 11.90% stake and DIIs held an 8.37% stake. Also, the return on equity (ROE) for the stock stood at 11.66%. 

Stock Market Update: 

Stock Market June 30th: On Tuesday, both Sensex and Nifty seem to trade with a bullish trend in the stock market. The Sensex stood trading high with 35,080.43 levels. Thereby, Nifty stood trading up with 10,343.65 levels. The Sensex gained 102.17 points with a 0.27% rise. So then, Nifty has gained 28.00 points with a 0.27% rise.

On the other hand, the number of confirmed COVID- 19 cases in India reached 5,66,840 as of June 30th, and deaths reached 16,893.

In the border market, the S&P BSE Midcap index reported a bullish trend as well. It gained 49.56 points with a 0.38% hike and reached a 13,123.02 level. The S&P BSE Smallcap index gained 1.18 points with a 0.0095% rise and reached a 12,475.86 level. So then, Nifty Bank also gained 107.30 points with a 0.50% rise and reached 21,481.35 levels.

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