Shree Cement down as Feb. sales fell nearly 16%

Shree Cement fell on Wednesday after it registered a fall of 15.62% in February 2013 cement dispatch at 9,67,000 tons from 1.15 million tons for January 2013.

Cement production also fell to 9,83,000 ton during the reporting month from 1.13 million ton during January, registering a decrease of 13.32%. Shares ofthe companyare trading at Rs 4,140, down Rs 47.2, or 1.13% at the Bombay Stock Exchange (BSE) on Wednesday at 10:30 a.m.The scrip has touched an intra-day high of Rs 4,190 and low of Rs 4,105.10. The total volume of shares traded at the BSE is 217.In the earlier session, the shares gained 0.44%, or Rs 18.25, at Rs 4,187.20. Currently, the stock is trading down 13.75% from its 52-week high of Rs 4,800 and above 82.38% over the 52-week low of Rs 2,270.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 4,311.60 (124.40) (2.89) 1 Month 4,395.05 (207.85) (4.73) 3 Months 4,299.35 (112.15) (2.61) 6 Months 3,389.45 797.75 23.54 1 Year 2,800.00 1,387.20 49.54 Note: Based on previous day closing price.