Shree Cement's Stock Sees -3.15% Decline, Rated 'Hold' by MarketsMOJO

Shree Cement ., a leading player in the cement industry, has seen a decline in its stock price by -3.15% on August 7th, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'. The stock has underperformed the sector by -4.22% on the same day.

In the past four days, Shree Cement's stock has been on a downward trend, with a fall of -8.45% in its returns. On August 7th, the stock touched an intraday low of Rs 25380, showing a decline of -2.98%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall performance of the Sensex, Shree Cement's stock has shown a decline of -3.34% in just one day, while the Sensex has seen a positive growth of 0.97%. Similarly, in the past month, the stock has underperformed the Sensex by -8.09%, while the Sensex has shown a slight decline of -0.81%.

Despite the recent decline in its stock price, Shree Cement remains a strong player in the cement industry with a large market capitalization. As a responsible and neutral news source, we provide factual information without any bias or speculation. We will continue to monitor the performance of Shree Cement and keep our readers updated with the latest developments.