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Kesoram Industries gains on plan of investing Rs 600 crore for capex in current fiscal

29 Jul 2016 Evaluate

Kesoram Industries is currently trading at Rs. 147.10, up by 1.30 points or 0.89% from its previous closing of Rs. 145.80 on the BSE.

The scrip opened at Rs. 147.50 and has touched a high and low of Rs. 148.20 and Rs. 146.50 respectively. So far 69542 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.00 on 25-Jul-2016 and a 52 week low of Rs. 71.60 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 153.00 and Rs. 142.90 respectively. The current market cap of the company is Rs. 1709.78 crore.

The promoters holding in the company stood at 49.46%, while Institutions and Non-Institutions held 7.57% and 36.96% respectively.

Kesoram Industries will be investing up to Rs 600-crore for its capital expenditure plan in the ongoing fiscal year. Of the planned capex, Rs 350 crore will be spent on the tyre business, while the cement business will attract an investment of Rs 250 crore.

In the tyre business, the company will be spending Rs 300 crore to complete commissioning of the passenger car radial tyre business in its plant in Balasore in Odisha, while the rest Rs 50 crore will be invested to make the 2-3-wheeler tyres in the same plant.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.

Kesoram Industries Share Price

10.60 0.50 (4.95%)
17-Apr-2026 16:59 View Price Chart
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