Shree Cement trades lower for fourth straight day; stock down 9% in a week

With Friday's fall, the stock has now corrected 13 per cent from its all-time high level of Rs 32,048 touched on April 8

Shares of Shree Cement were trading lower for the fourth straight day, down 2 per cent at Rs 27,926 on the on the National Stock Exchange (NSE) in intra-day trade on Friday. The stock has slipped 5 per cent in two days alone, amid reports that the company’s listed holding company - NBI Industrial Finance Company - sold shares of several unlisted companies in its books around five years ago to promoter entities for only Rs 89 crore, though their fair value was Rs 3,077 crore, InGovern has alleged. CLICK HERE FOR FULL REPORT

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