The India Cements is currently trading at Rs. 104.25, up by 0.30 points or 0.29% from its previous closing of Rs. 103.95 on the BSE.
The scrip opened at Rs. 104.55 and has touched a high and low of Rs. 106.90 and Rs. 103.30 respectively. So far 41788 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.60 on 09-Jun-2014 and a 52 week low of Rs. 43.00 on 12-Aug-2013.
Last one week high and low of the scrip stood at Rs. 109.60 and Rs. 102.15 respectively. The current market cap of the company is Rs. 3202.34 crore.
The promoters holding in the company stood at 28.23% while Institutions and Non-Institutions held 48.27% and 21.55% respectively.
India Cements is expecting better growth in the next six to nine months, on the back of new infrastructure projects and improvement in the economy. The bifurcation of Andhra Pradesh has also raised hopes for renewed economic activity under the new governments in AP and Telengana.
The south Indian cement market saw an increase of two per cent in demand during the quarter. The industry registered a growth of nine per cent during the first quarter of the current financial year.
India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.
