NSE: SHREECEM · 23 October 2026
- Shree Cement Limited (SHREECEM) shares moved higher on Thursday, closing up 1.81% at ₹22,735 against its previous close of ₹22,330. The stock traded within a wide intraday range, hitting a low of ₹21,770 before touching a high of ₹22,930.
- Shree Cement announced its financial results for the quarter ended September 30, 2026, reporting a consolidated net revenue of ₹5,897 crore, up 24% year-on-year from ₹4,761 crore. Total domestic sale volume grew 18% year-on-year to 9.31 million tonnes, while consolidated EBITDA reached ₹1,016 crore compared to ₹974 crore in the corresponding period of the previous year. Profit after tax stood at ₹263 crore, and the company's ready-mix concrete business saw volumes surge 153% year-on-year to 2.73 lakh cubic metres.
- Trading volume was 1.22 times the 20-day average daily volume.
Why is Shree Cement share price rising on 23 October 2026?
Shree Cement Limited (SHREECEM) shares moved higher on Thursday, closing up 1.81% at ₹22,735 against its previous close of ₹22,330. The stock traded within a wide intraday range, hitting a low of ₹21,770 before touching a high of ₹22,930.
The broader market and sector backdrop remained weak during the session, with the Nifty index slipping 0.39% and the Nifty Metal sector benchmark tumbling 2.71%. Shree Cement's positive trajectory diverged from this broader sectoral downturn, reflecting resilient buying interest despite broader weakness in materials.
The price movement coincided with the release of the company's financial results for the quarter ended September 30, 2026, alongside corporate announcements regarding board approvals for promoter reclassification.
60,777 shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 49,954 shares (1.22 times). The five-day average daily volume was 30,883 shares. Separately, the NSE report for 23 October 2026 showed 14,252 shares delivered, representing 23.45% of that day’s traded volume. The same report recorded 26,103 trades.
The stock gained 1.81% on higher-than-average volume and strong delivery figures, aligning with the release of its Q2 FY27 financial results showing 24% revenue growth and an 18% increase in domestic sales volume.
Latest Company Developments
Shree Cement announced its financial results for the quarter ended September 30, 2026, reporting a consolidated net revenue of ₹5,897 crore, up 24% year-on-year from ₹4,761 crore. Total domestic sale volume grew 18% year-on-year to 9.31 million tonnes, while consolidated EBITDA reached ₹1,016 crore compared to ₹974 crore in the corresponding period of the previous year. Profit after tax stood at ₹263 crore, and the company's ready-mix concrete business saw volumes surge 153% year-on-year to 2.73 lakh cubic metres.
The operational metrics provide fundamental insight into the company's volume expansion, margin pressures from fuel costs, and growth in premium product adoption.
The board of directors approved a request from Ms. Riya Puja Jain, holding 2,050 equity shares or 0.0057% of total shares, to reclassify from the 'Promoter Group' category to the 'Public' category. The company will file necessary applications with the National Stock Exchange of India Ltd and BSE Ltd to complete the regulatory procedure.
Modifies the distribution of promoter versus public shareholding categories in line with regulatory requirements.
Shree Global FZE, a wholly owned subsidiary of Shree Cement, received board approval to incorporate a new wholly owned subsidiary named Shree International Trading (Shanghai) Limited in China. The new entity will engage in the import, export, and trading of machinery, equipment, and industrial products with an initial authorized capital of RMB 5,000,000.
Expands the group's international footprint and procurement capabilities in machinery and industrial products.
the Board of Directors of the Company in its meeting held today, i.e. 23rd October, 2026 has approved the request received from Ms. Riya Puja Jain for reclassification from ''Promoter Group'' to '' Public'' Category
a press release dated October 23, 2026, titled "Financial Results for Quarter ended 30th September, 2026".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 11.49% on 30 September 2026. This compares with 11.69% on 30 June 2026, a change of -0.20 percentage points.
The filing reported 29 MF/UTI holders.
What to Watch Next
- Execution progress on the Meghalaya greenfield integrated plant expected by March 2028
- RMC network expansion and profitability trends across newly commissioned facilities
- Quarterly delivery volume percentages and cash-market participation rates
- Green power utilization rates and thermal substitution rate improvements
Other Dated Coverage
- Shree Cement in Focus After Proposing Chinese Subsidiary Incorporation | 15 October 2026 — 15 October 2026
- Shree Cement in Focus After Tax Demand Appeal Dismissal; What to Watch | 8 October 2026 — 8 October 2026
- Why Shree Cement Shares Fell 3.02% Today to Hit 52-Week Lows | 1 October 2026 — 1 October 2026
More Shree Cement news and dated analysis →
Frequently Asked Questions
What is the latest Shree Cement company news?
Shree Cement announced its financial results for the quarter ended September 30, 2026, reporting a consolidated net revenue of ₹5,897 crore, up 24% year-on-year from ₹4,761 crore. Total domestic sale volume grew 18% year-on-year to 9.31 million tonnes, while consolidated EBITDA reached ₹1,016 crore compared to ₹974 crore in the corresponding period of the previous year. Profit after tax stood at ₹263 crore, and the company's ready-mix concrete business saw volumes surge 153% year-on-year to 2.73 lakh cubic metres.
How strong was Shree Cement’s trading volume?
60,777 shares traded, 1.22 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.