India Cements is currently trading at Rs. 85.90, up by 0.45 points or 0.53% from its previous closing of Rs. 85.45 on the BSE.
The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 86.00 and Rs. 84.80 respectively. So far 9739 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.50 on 28-Mar-2012 and a 52 week low of Rs. 62.10 on 09-Aug-2011.
Last one week high and low of the scrip stood at Rs. 88.20 and Rs. 81.00 respectively. The current market cap of the company is Rs. 2629.45 crore.
The promoters holding in the company stood at 25.77% while Institutions and Non-Institutions held 46.96% and 22.98% respectively.
India Cements’ associate company Coromandel Sugars has hiked its stake in Ponni Sugars (Erode) to more than 9%. Coromandel Sugars, which holds a 6.74% in Ponni Sugars, has acquired an additional 2.62% over the last one month. This takes companies total holding to 9.36% that is 8.04 lakh shares.
Coromandel Sugars operates a sugar mill in Mandya District, Karnataka. It is investing over Rs 150 crore in expanding its sugar mill there. The mill with a capacity to crush 3,500 tonnes of sugarcane daily is being expanded to 5,000 tonnes. A 12-MW cogeneration plant is also being expanded to 30 MW.
Ponni Sugars is a part of the Esvin Group with a diversified presence in paper manufacturing, sugar industry and engineering consultancy. It has a 3,000-tonne sugar mill in Erode and is set to commission a 15-MW cogeneration plant.
