Shiva Cement Shares Tumble Over 5% on Tuesday Morning, Fall Below 32 INR
Shiva Cement Ltd (BOM: 532323) faced significant selling pressure in early trading on Tuesday, April 4th. As of 10:02 am IST, the stock was trading sharply lower at 31.52 INR.
This represents a substantial drop of -1.69 INR, translating to a 5.09% decrease for the day. The downward red arrow clearly indicates the strong negative sentiment surrounding the stock in the morning session.
The stock opened the session flat at its previous closing price of 33.21 INR. Early trading saw a brief spike to a high of 33.90 INR. However, the gains were short-lived, and the stock reversed course, falling steadily to hit a low of 31.15 INR before settling slightly higher at the current price. The 1-day chart illustrates this sharp decline after the initial minutes of trading.
Shiva Cement currently holds a market capitalization of 934.56 Crore INR. Key financial metrics such as the Price-to-Earnings (P/E) ratio and dividend yield were not available at the time of this update.
Looking at the broader picture, the stock’s 52-week high is 57.49 INR, while the 52-week low stands at 24.11 INR. Today’s significant drop brings the share price considerably lower within its annual trading range.
