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Shree Cement shines on reporting stellar Q3 numbers

24 Jan 2012

Shree Cement is currently trading at Rs 2265.00, up by 38.30 points or 1.72% from its previous closing of Rs 2226.70 on the BSE.

The scrip opened at Rs 2253.00 and has touched a high and low of Rs 2299.70 and Rs 2235.05 respectively. So far 659 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2236.00 on 23-Jan-2012 and a 52 week low of Rs 1504.75 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs 2299.70 and Rs 2034.50 respectively. The current market cap of the company is Rs 7757.20 crore.

The promoters holding in the company stood at 64.78% while Institutions and Non-Institutions held 13.22% and 22.01% respectively. Shree Cement has reported results for its third quarter ended December 31, 2011.

The company has posted a 115.31% surge in its net profit of Rs 59.19 crore for the quarter ended December 31, 2011 as compared to Rs 27.49 crore for the same quarter in the previous year. Total income has increased by 61.29% from Rs 781.47 crore for Q3FY11 to Rs 1260.40 crore in the quarter under review.

Shree Cement is leading cement manufacturing in North India. The company markets it products under three Shree Ultra Jung Rodhak Cement, Bangur Cement and Tuff Cemento. The company’s manufacturing units are located at Beawar in district Ajmer, and Ras in district Pali, in Rajasthan. It also has grinding units at Khushkhera in Rajasthan.

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SEBI Registered: Investment Adviser - INA000013323