1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Shree Cement Limited
  6. News
  7. Summary
    SHREECEM   INE070A01015

SHREE CEMENT LIMITED

(SHREECEM)
  Report
Delayed NSE India Stock Exchange  -  07:23 2022-07-07 am EDT
20014.60 INR   +0.12%
07/05Indian Indices End on Negative Note; HDFC Life Insurance Slips 2%
MT
06/18Shree Cement Limited Approves Setting Up of an Integrated Cement Plant at Village Dachepalli, Tehsil Pedagarlapadu in Guntur District of Andhra Pradesh
CI
06/17Indian Indices Take Losing Run to Sixth Day; Titan Slumps 6%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Indian shares end 6-day losing streak; Eicher, Ambuja rise

05/16/2022 | 06:49am EDT
FILE PHOTO: Broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU, May 16 (Reuters) - Indian shares closed higher on Monday after six consecutive sessions of losses, driven by gains in Eicher Motors, and some cement stocks after Adani Group announced a $10.5 billion deal that will make it the second-biggest cement producer in the country.

The NSE Nifty 50 index gained 0.38% to 15,842.30 at close, and the S&P BSE Sensex advanced 0.34% to 52,973.84. The indexes rose over 1% each in the session earlier.

"In a bear phase, there will be relief rallies, but such rallies are unlikely to sustain, given the relentless selling by foreign institutional investors (FIIs)," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

Foreign investors sold $1.81 billion worth of Indian equities last week, Refinitiv data showed.

"It's important to appreciate the fact that FIIs are selling not because they are bearish on India but because U.S. bond yields are attractive and the dollar is strengthening," Vijayakumar said.

Royal Enfield owner Eicher Motors settled 7.6% higher and was the top gainer on the Nifty 50. It reported https://bit.ly/3ljNBXD consolidated net profit of 6.10 billion rupees ($78.53 million) for the March quarter, up nearly 16% from a year earlier.

Ambuja Cements and ACC closed 2.5% and 3.9% higher, respectively, after Adani Group said it would buy Swiss company Holcim AG's controlling stake in the cement businesses.

Rivals UltraTech Cement and Shree Cement settled 2.9% and 2.6% lower, respectively, and were the top losers on the Nifty 50 index.

Asian and European shares fell after weak economic data from China added to fears of a slowdown in growth. China's April retail sales plunged 11.1% on the year, almost twice the fall forecast.

India's state-owned insurance behemoth Life Insurance Corp is expected to list on the stock exchanges on Tuesday.

($1 = 77.6760 Indian rupees) (Reporting by Rama Venkat in Bengaluru; Editing by Subhranshu Sahu and Shinjini Ganguli)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACC LTD -0.28% 2168.35 Delayed Quote.-1.87%
AMBUJA CEMENTS LIMITED 0.38% 368.1 End-of-day quote.-2.50%
BRITISH POUND / US DOLLAR (GBP/USD) 0.73% 1.20061 Delayed Quote.-11.67%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.43% 0.76999 Delayed Quote.-2.99%
EICHER MOTORS LIMITED 4.02% 2911.7 End-of-day quote.12.42%
EURO / US DOLLAR (EUR/USD) -0.19% 1.01617 Delayed Quote.-9.80%
HOLCIM LTD 1.70% 40.09 Delayed Quote.-15.24%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.13% 0.012639 Delayed Quote.-6.06%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.40% 0.61741 Delayed Quote.-9.83%
NIFTY 50 0.89% 16132.9 Delayed Quote.-7.86%
NIFTY 500 0.99% 13765.6 Delayed Quote.-9.10%
SENSEX BSE30 0.80% 54178.46 Real-time Quote.-7.73%
SHREE CEMENT LIMITED 0.12% 20014.6 Delayed Quote.-25.93%
ULTRATECH CEMENT LIMITED 0.19% 5838.85 Delayed Quote.-23.22%
All news about SHREE CEMENT LIMITED
07/05Indian Indices End on Negative Note; HDFC Life Insurance Slips 2%
MT
06/18Shree Cement Limited Approves Setting Up of an Integrated Cement Plant at Village Dache..
CI
06/17Indian Indices Take Losing Run to Sixth Day; Titan Slumps 6%
MT
06/14CARE Keeps A1+ Rating on Shree Cement's Commercial Paper
MT
06/09Indian Indices Return to Green on Thursday; Tata Steel Drops 4%
MT
06/06Indian Indices Open the Week in Red; Bajaj Auto Climbs 4%
MT
06/06Indian shares fall for second session as cement makers slump
RE
06/03Indian Benchmarks Close the Week on Negative Note; Grasim Industries Slides 6%
MT
06/03Automakers, banks knock Indian shares off four-week highs
RE
05/24Nomura Adjusts Shree Cement's Price Target to 25,000 Indian Rupees From 26,500 Rupees, ..
MT
More news
Analyst Recommendations on SHREE CEMENT LIMITED
More recommendations
Financials
Sales 2023 164 B 2 077 M 2 077 M
Net income 2023 21 547 M 273 M 273 M
Net cash 2023 83 180 M 1 052 M 1 052 M
P/E ratio 2023 32,4x
Yield 2023 0,38%
Capitalization 722 B 9 136 M 9 136 M
EV / Sales 2023 3,89x
EV / Sales 2024 3,47x
Nbr of Employees 6 445
Free-Float 27,3%
Chart SHREE CEMENT LIMITED
Duration : Period :
Shree Cement Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHREE CEMENT LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 19 990,85
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Hari Mohan Bangur Joint Managing Director & Executive Director
Prashant Bangur Joint Managing Director & Executive Director
Subhash Jajoo Chief Financial Officer
Benu Gopal Bangur Chairman
Manoranjan Kumar Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
SHREE CEMENT LIMITED-25.93%9 125
ANHUI CONCH CEMENT COMPANY LIMITED-12.71%26 477
HOLCIM LTD-15.24%24 675
XINJIANGTIANSHAN CEMENT CO.,LTD-19.01%16 015
DANGOTE CEMENT PLC7.00%11 173
JAMES HARDIE INDUSTRIES PLC-38.01%10 344