Shree Cements Ltd.

Shree Cements Ltd. July 15th Shares Plunged Nearly 1%

Shree Cements Ltd. July 15th Shares Plunged Nearly 1%:

To begin with, Shree Cements Ltd. shares traded with a 0.89% down in today’s Intraday trade. As per the records, the total market capitalization stood at Rs. 0.88 cr.

Moreover, the company shares started at Rs. 21,913.00 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 22,209.25 per eq share. Similarly, the Intraday low value of Rs. 21,825.00 per share.

On 31st March 2020, Shree Cements announced its consolidated sales worth Rs. 3,415.14 cr. Comparatively, the company sales raised by 8.55% from its last quarter sales of Rs. 3,146.01 cr. Also, its sales raised by 2.13% from last year’s sales of Rs. 3,489.35 cr.

Furthermore, the net profit of Rs. 535.93 cr declined by 57.60% from the same quarter a year ago. By the ending in March 2020, the company promoters held 62.55% of its stake, FIIs held an 11.90% stake and DIIs held an 8.37% stake.

Presently, the company shares quoted with a price-to-earnings ratio in multiples of 51.32. Similarly, the company’s price-to-book value ratio of 5.95.

Stock Market Update: 

Stock Market July 15th: On Wednesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 36,051.81 levels and Nifty stood traded gain with 10,618.20 levels. The Sensex raised 18.75 points with a 0.052% gain. Besides, Nifty has raised 10.85 points with a 0.10% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 9,39,192 as of July 15th, and deaths reached 24,327.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 46.27 points with a 0.35% loss and reached a 13,230.33 level. The S&P BSE Smallcap index declined 6.24 points with a 0.049% loss and reached a 12,658.94 level. However, the Nifty Bank declined 51.45 points with a 0.24% loss and reached a 21,340.75 level. 

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