Gujarat Sidhee Cement rallies on receiving clearance for mining of limestone

24 Nov 2014

Gujarat Sidhee Cement is currently trading at Rs 33.80, up by 3.45 points or 11.37% from its previous closing of Rs. 30.35 on the BSE.

The scrip opened at Rs. 29.55 and has touched a high and low of Rs. 35.50 and Rs. 29.55 respectively. So far 668843 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.40 on 26-Aug-2014 and a 52 week low of Rs. 12.30 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 32.40 and Rs. 29.90 respectively. The current market cap of the company is Rs. 144.64 crore.

The promoters holding in the company stood at 43.12 % while Institutions and Non-Institutions held 1.90 % and 54.98 % respectively.

Gujarat Sidhee Cement has received clearance for mining of limestone from Ministry of Environment & Forest (MoEF) and the normal operations at the Company’s plant have been restored. Earlier, the mining of limestone in the company’s captive mines has been stopped on the basis of an order of MoEF which has adversely affected production and operations of the company.

Gujarat Sidhee Cement manufactures cements in various grades. It also markets cement under the brand name Sidhee. GSCL product range includes Ordinary Portland Cement (OPC) 53 Grade and 43 Grade, Pozzolana Portland Cement (PPC).

Related Gujarat Sidhee Cement Ltd. Links:

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