Shree Cements Share Price: Shree Cements shares up 0.35% as Nifty advances

A total of 592 shares worth Rs 1.52 crore were traded in the market.

The stock traded at a 52-week high price of Rs 30,710.15 and a 52-week low price of Rs 23,714.05.

On the technical charts, the 200-day moving average of the stock was located at Rs 26,456.31 while the 50-day moving average was located at Rs 26,319.02. If a stock is trading above both the 50-day moving average and the 200-day moving average, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below both the 50-day moving average and the 200-day moving average, it is considered to be in a bearish trend and if it is trading between the 50-day moving average and the 200-day moving average, then it suggests that the stock can go either way.

The company’s shares have gained 0.31 per cent in the past year, while Sensex has gained 24.16 per cent during the same period.

According BSE According to the data, the stock is trading at a price-earnings multiple of 44.41 and a price-to-book ratio of 4.48. A higher price-to-earnings ratio shows that investors are willing to pay a higher price due to better expectations of future growth. The price-to-book ratio indicates the inherent value of a company and reflects the price that investors are willing to pay even if there is no growth in a business. The stock belongs to the Cement – North industry.