OCL India inches up on commissioning cement grinding unit at West Bengal

22 Apr 2014 Evaluate

OCL India is currently trading at Rs. 181.25, up by 1.50 points or 0.83% from its previous closing of Rs. 179.75 on the BSE.

The scrip opened at Rs. 181.30 and has touched a high and low of Rs. 183.00 and Rs. 180.05 respectively. So far 1595 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 203.00 on 24-Mar-2014 and a 52 week low of Rs. 103.55 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 174.60 respectively. The current market cap of the company is Rs. 1031.32 crore.

The promoters holding in the company stood at 74.93 % while Institutions and Non-Institutions held 0.54 % and 24.53 % respectively.

OCL India has commissioned its cement grinding unit located at Salboni, Medinipur, in state of West Bengal. The company has started commercial operations with effect from April 20, 2014.

OCL India was set up for manufacturing cement. Later on, under a major diversification programme, it entered the field of refractory manufacturing in the year 1954.

Peers
Company Name CMP
Ultratech Cement 6931.10
ACC 2511.75
Shree Cement 23232.35
Ambuja Cement 564.65
Dalmia Bharat 1766.35
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