JK Cement is currently trading at Rs. 624.90, up by 18.30 points or 3.02% from its previous closing of Rs. 606.60 on the BSE.
The scrip opened at Rs. 597.00 and has touched a high and low of Rs. 629.30 and Rs. 597.00 respectively. So far 1589 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 754.00 on 19-Feb-2015 and a 52 week low of Rs. 330.00 on 30-May-2014.
Last one week high and low of the scrip stood at Rs. 629.30 and Rs. 584.10 respectively. The current market cap of the company is Rs. 4369.75 crore.
The promoters holding in the company stood at 66.93% while Institutions and Non-Institutions held 20.47% and 12.61% respectively.
JK Cement is planning to raise long-term funds of up to Rs 300 crore through debt instruments and institutional placement by way of issue of Securities and/or Non Convertible Debentures with warrants on preferential allotment basis. The company’s board of directors at their meeting held on May 23, 2015 decided the same. However, the same shall be subjected to shareholder’s approval, which will be sought at the firm's Annual General Meeting on August 1, 2015.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
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