JK Cement is currently trading at Rs. 635.35, up by 3.05 points or 0.48% from its previous closing of Rs. 632.30 on the BSE.
The scrip opened at Rs. 631.00 and has touched a high and low of Rs. 637.20 and Rs. 623.35 respectively.
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. 360.00 on 28-Jul-2014.
Last one week high and low of the scrip stood at Rs. 668.00 and Rs. 580.00 respectively. The current market cap of the company is Rs. 4,441.00 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 has received an approval to make Jaykaycem (Central), an unlisted, public limited and part of promoter Group Company, its wholly owned subsidiary by acquiring 100% paid up equity capital. The board of directors at its meeting held on June 26, 2015 has approved for the same.
This acquisition will facilitate to implement the business plan of Jaykaycem (Central) and/or to implement its future cement project(s).
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.
