Shree Cements Share Price: Shree Cements shares gain 0.65% as Sensex falls

Shares of Ltd. traded 0.65 per cent greater in Tuesday’s session at 11:22AM (IST). The inventory opened at Rs 29699.95 and has touched an intraday excessive and low of Rs 29800.0 and Rs 29477.45, respectively, through the session to this point.

The inventory quoted a 52-week excessive of Rs 32050.0 and a 52-week low of 19103.3. About 259 shares modified arms on the counter to this point.

Benchmark Nifty50 was down 53.25 factors at 17801.85, whereas the BSE Sensex traded 238.78 factors decrease at 59839.1 on the time of writing of this report.

Within the Nifty pack, 21 shares traded the day within the inexperienced, whereas 29 had been within the purple.

Key Financials

For the quarter ended 30-Jun-2021, the corporate reported consolidated gross sales of Rs 3775.94 crore, down 12.86 per cent from the earlier quarter’s Rs 4333.37 crore and down 44.86 per cent from the year-ago quarter. The corporate reported internet revenue of Rs 629.9 crore for the newest quarter.

Promoter Holdings

Promoters held 62.55 per cent stake within the firm as of 30-Jun-2021, whereas FIIs held 13.02 per cent and MFs 7.92 per cent.

Technicals

On the technical charts, the 200-Day Transferring Common (DMA) of the inventory stood at Rs 27449.87 on September 28, whereas the 50-DMA was at Rs 28510.43. If a inventory trades above 50-DMA and 200-DMA, it normally means the rapid pattern is upward. However, if the inventory trades effectively beneath 50-DMA and 200-DMA each, it’s thought-about as bearish pattern and if trades between these averages, then it suggests the inventory can go both method.