India Cements is currently trading at Rs. 185.50, up by 11.00 points or 6.30% from its previous closing of Rs. 174.50 on the BSE.
The scrip opened at Rs. 175.70 and has touched a high and low of Rs. 187.40 and Rs. 175.55 respectively. So far 1518172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.40 on 20-Apr-2017 and a 52 week low of Rs. 83.05 on 23-May-2016.
Last one week high and low of the scrip stood at Rs. 187.40 and Rs. 159.50 respectively. The current market cap of the company is Rs. 5682.81 crore.
The promoters holding in the company stood at 28.51%, while institutions and non-institutions held 45.13% and 26.36% respectively.
India Cements has received an approval from National Company Law Tribuna, Chennai Bench for the scheme of amalgamation and arrangement between Trinetra Cement (first transferor company) and Trishul Concrete Products (second transferor company) with The India Cements (transferee company) and their respectively shareholders. The National Company Law Tribuna, Chennai gave approval for the same vide its order dated April 13, 2017.
India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.
