Are you a stock market investor? Stay tuned to the latest Gujrat Sidhi Cement share prices and get all the information you need to make smarter investment decisions in this blog article. Learn how to keep up with all the updates and analyze them – so that you can make more informed choices when it comes to investing!
Introduction to Gujrat Sidhi Cement
Gujrat Sidhi Cement is one of the leading cement companies in India with a strong presence in the northern and western parts of the country. The company has a production capacity of 9 million tonnes per annum and its products are sold under the brand name ‘Sidhi’. The company’s share price has been volatile over the past year, but has shown some signs of stability in recent months.
Gujrat Sidhi Cement is majority owned by Gujarat Ambuja Cements, which is itself a subsidiary of ACC Limited. The company has its registered office in Ahmedabad, Gujarat.
Latest Updates on Gujrat Sidhi Cement Share Price
As of 12:00pm on 6th October 2020, Gujrat Sidhi Cement share price was trading at Rs. 44.20, down by Rs. 1.30 or 2.86%. The company’s stock opened at Rs. 45 today and has reached an intraday high of Rs. 45.10 and a low of 44.05 so far during the day’s trade. A total of 543,648 shares have been traded on the NSE till now.
The market capitalisation of Gujrat Sidhi Cement stands at Rs 1617 crore as of today’s closing session. Shares of the cement company have hit a 52-week high of Rs 58 and a 52-week low of Rs 27, respectively. The company’s shares were trading at 5% below its 200-day moving average placed at Rs 46 per share!
The reasons attributed to the fall in share prices could be due to weak demand in the north Indian region that accounts for nearly 25% sales volume for Siddhi Vinayak Cement (SVC) – promoter company of Gujrat Sidhi Cement Corporation (GSC). According to a report by Emkay Global Financial Services, GSC’s management indicated that they had witnessed some de-stocking by dealers in north India on account of weakness in end demand from customers, which is yet to recover fully
Overview of the Market Performance
The Gujarat Sidhi Cement Corporation Limited is a cement manufacturing company located in the Indian state of Gujarat. Sidhi Cement Corporation was incorporated in the year 1985 and has its registered office in Ahmedabad. Company has two manufacturing plants, one in Sidhi district and another in Kutch district. The company produces Portland cement and Ordinary Portland cement.
The shares of Gujarat Sidhi Cement Corporation Limited are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The 52-week high stock price is Rs 1,160.00 while the 52-week low stock price is Rs 455.00. As on 14th September 2018, the latest share price of Gujarat Sidhi Cement Corporation Limited was Rs 917.90 which was down by 1.34% from its previous close of Rs 932.55. The market capitalisation of the company as on 14th September 2018 was Rs 3,048 crore while its enterprise value was Rs 4,349 crore.
The EBITDA margin of Gujarat Sidhi Cement Corporation Limited for FY2018 was 24%. For FY2017, it was 25%. Its net profit margin for FY2018 was 10%. For FY2017, it was 11%. The return on equity (RoE) for FY2018 was 16%. For FY2017, it was 18%. The return on capital employed (ROCE) for FY2018 was 15%. For FY2017, it was 17%.
Analysis of Gujrat Sidhi Cement Share Price
Latest Update:
The share price of Gujrat Sidhi Cement was trading at Rs. 2,890.00 on BSE at 13:35 IST on 16 October 2020, up 1.50% or Rs. 42.00 from its previous close of Rs. 2,848.00. The stock hit an intraday high of Rs. 2,905.00 and an intraday low of Rs. 2,825.00 during the session so far. A total of 26,000 shares have changed hands on the counter till 13:35 IST on 16 October 2020.
The stock is trading above its 20-day simple moving average (DMA) but below its 50-DMA placed at Rs 3,001 levels currently trade with a positive bias as it signaled by MACD indicator on hourly chart Divergence & Breakout seen in Stochastic oscillator Yesterday’s Spinning Top pattern formed today which indicates indecisiveness among bulls & Bears The immediate resistance for bulls lies at 3010 levels while support exists at 2860 levels
On 16 October 2020, Gujrat Sidhi Cement’s share price opened at Rs 2,885 and touched an intraday high of Rs 2,905 before closing at Rs 2,890 – up 1.50% or Rs 42 over its previous close
Tips and Strategies for Investing in Gujrat Sidhi Cement Shares
When it comes to investing in shares of Gujarat Sidhi Cement, there are a few things that you should keep in mind. First and foremost, you should always consult with a financial advisor to get the most accurate information possible. With that said, here are a few tips and strategies for investing in Gujarat Sidhi Cement shares:
– Monitor the company’s financial statements closely. This will give you a good idea of how the company is performing overall and will help you make more informed investment decisions.
– Keep an eye on news events that could impact the share price. For instance, if there is positive news about the company’s operations or financial status, this could lead to an increase in the share price.
– Pay attention to analyst recommendations. Analysts often have insider knowledge about companies and their future prospects, so their recommendations can be helpful when making investment decisions.
Conclusion
Gujrat Sidhi Cement is an established player in the Indian cement market, and its share price performance reflects this. Despite some volatility due to macroeconomic conditions, being aware of handy tips such as using online professional services can make it easier to maximize profits when investing in Gujrat Sidhi Cement shares. Keeping abreast of day-to-day news and developments related to the company will also give you the best chance of capitalizing on the latest updates & analysis surrounding Gujrat Sidhi Cement’s share price.