Andhra Cements is currently trading at Rs. 10.82, up by 1.80 points or 19.96% from its previous closing of Rs. 9.02 on the BSE.
The scrip opened at Rs. 9.40 and has touched a high and low of Rs. 10.82 and Rs. 9.40 respectively. So far 158448 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.50 on 09-Sep-2014 and a 52 week low of Rs. 4.65 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 9.44 and Rs. 8.30 respectively. The current market cap of the company is Rs. 317.59 crore.
The promoters holding in the company stood at 68.79 % while Institutions and Non-Institutions held 2.63 % and 28.58 % respectively.
Andhra Cements has commenced commercial production after successful trial runs, the stabilized Commercial Production of the Company's Cement Plants, viz Durga Cement Works at Dachepalli, Guntur District, Andhra Pradesh & Visakha Cement Works at Visakhapatnam, Andhra Pradesh, with effect from December 01, 2014.
Andhra Cements, incorporated on December 9, 1936 is engaged in manufacturing and selling of cement. The Goenka Group took over the company in 1995. The two cement plants, located in Vishakapatnam and Dachepalli have a combined installed capacity of 1.4 million tonne (MT) per annum.
