NCL Industries strengthens on raising Rs 201.88 crore

15 Dec 2017

NCL Industries is currently trading at Rs. 242.55, up by 2.85 points or 1.19% from its previous closing of Rs. 239.70 on the BSE.

The scrip opened at Rs. 238.55 and has touched a high and low of Rs. 250.00 and Rs. 238.55 respectively. So far 3,867 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 277.00 on 07-Nov-2017 and a 52 week low of Rs. 109.40 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 251.00 and Rs. 235.45 respectively. The current market cap of the company is Rs. 890.95 crore.

The promoters holding in the company stood at 49.35%, while Institutions and Non-Institutions held 3.49% and 47.16% respectively.

NCL Industries’ Board has allotted 85,00,000 equity shares of face value of Rs 10 each at a premium of Rs 227.50 per equity share aggregating to Rs 201.88 crore. The Board of Directors of the company at their meeting held on December 14, 2017 has allotted the same.

NCL Industries is an India-based company that operates in five segments: Cement, Boards, Prefab structures, Hydel Power and Ready Mix Concrete. The company was incorporated in 1979, a part of NCL Group. The company is also in the business activities of Cement, Prefab, Boards, Energy, Ready Mix Concrete Division. 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323