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NCL Industries zooms as its RMC unit gets set to commence operations

21 Dec 2011 Evaluate

NCL Industries is currently trading at Rs. 32.95, up by 1.45 points or 4.60% from its previous closing of Rs. 31.50 on the BSE.

The scrip opened at Rs. 33.95 and has touched a high and low of Rs. 33.95 and Rs. 32.00 respectively. So far 7477 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.00 on 14-Nov-2011 and a 52 week low of Rs. 23.30 on 14-Feb-2011.

Last one week high and low of the scrip stood at Rs. 35.50 and Rs. 31.30 respectively. The current market cap of the company is Rs. 110.05 crore.

The promoters holding in the company stood at 47.20% while Institutions and Non-Institutions held 0.08% and 52.72% respectively. 

NCL Industries’ second ready mix concrete (RMC) unit set up at Hyderabad in Andhra Pradesh is ready for commencement of its commercial operations from December 21, 2011.

Recently, the company’s established ready mix concrete unit at Visakhapatnam, Andhra Pradesh had completed its trial runs successfully. The company plans to commence commercial production and commercial operations of the unit from December 10, 2011.

NCL Industries is in the business of manufacturing cement, cement boards, prefabrication shelters and in hydroelectricity generation. It operates in four divisions: Cement, Boards, Prefab, and Energy.

Peers
Company Name CMP
Ultratech Cement 11081.00
Ambuja Cements 386.00
ACC 1236.75
Shree Cement 22337.15
Dalmia Bharat 1720.35
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