There was a time when the stock market was called gambling. Now the situation has changed completely and the stock market has become a means of investment. Along with the big investors, now small investors are also investing in it in a big way. This is the reason that at this time the size of the Indian stock market is equal to the size of the Indian economy. In this article, we will learn about a stock that has given a return of around 290000 per cent after its launch in the stock market.
The name of this share is SHREE CEMENT. This stock has made its investors millionaires. The stock of this company was trading at a level of Rs 27325 on the NSE at 1 pm. It is not that this stock has suddenly become so expensive today. This company was established in 1979 in Beawar, Rajasthan. Its headquarters are in Kolkata. In 1990, the share price of this company was 10 rupees, which is currently trading beyond 27 thousand. According to this, if an investor bought 100 shares of this company in 1990, the price of which would be Rs 1000, its price would be more than 27 lakh today.
52 Week High and Low Level
When the stock market crashed in March 2020 due to Corona, its stock slipped to 15410 level (3 April 2020). This is its lowest level for the last 52 weeks. On 16 February, its stock reached 29090 level, which is its 52-week high.
Market cap close to 1 lakh crore
The market cap of this company is currently 99 thousand 555 crores. Its price earning ratio is 49.17 while the industry’s price earning ratio is Rs 39.03. Price earning ratios mean that investors will have to invest 49.17 rupees to earn one rupee from the shares of this company.
How has the return given
This stock has given a spectacular return of 16 per cent in the last three months, 59 per cent in one year and 72 per cent in three years. Talking about the shareholding pattern of this company, the promoter’s stake is 62.55 per cent, foreign investors i.e. FII stake is 12.18 per cent, domestic institutional investors 11.07 per cent and retail investors 14.20 per cent.
Growth in quarterly results
The company’s total income in the December quarter was Rs 3649 crore. It registered a growth of 8.83 per cent over the September quarter. Compared to the December quarter of 2019, it was a jump of 13.63 percent. The company had a net profit of Rs 631 crore in the December quarter.