Shree Cements Share Price: Shree Cements shares fall 1.3 per cent in Thursday’s trading session

Shares of . fell 1.3 per cent to Rs 21795.1 in Thursday’s trade as of 01:29PM (IST) even as the benchmark Nifty ruled at 17567.3, down 192.0 points.

The scrip had closed at Rs 22082.05 in the previous session. The stock quoted a 52-week low of Rs 17900.0 and a high of Rs 31441.05. The company quoted a market-cap of Rs 79673.69 crore on the BSE.

On BSE, 821 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 40.21 times its trailing 12-month EPS of Rs 549.2 per share and 4.96 times its book value. The return on equity (ROE) stood at Rs 13.35.

Key Financials

For the quarter ended 30-Jun-2022, Shree Cements Ltd. reported consolidated sales of Rs 4394.75 crore, down 16.39 per cent from the same quarter a year ago. The company reported 55.63 per cent YoY de-growth in net profit at Rs 279.5 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Thursday. 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.