Shree Cement is currently trading at Rs. 17140.00, up by 60.25 points or 0.35% from its previous closing of Rs. 17079.75 on the BSE.
The scrip opened at Rs. 17222.00 and has touched a high and low of Rs. 17222.00 and Rs. 16933.85 respectively. So far 147 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 19842.30 on 11-Jan-2018 and a 52 week low of Rs. 15015.15 on 22-Jun-2018.
Last one week high and low of the scrip stood at Rs. 17222.00 and Rs. 16130.80 respectively. The current market cap of the company is Rs. 59480.56 crore.
The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 29.50% and 5.71% respectively.
Shree Cement has successfully completed acquisition of 97.61% equity stake of Union Cement Company, UAE (UCC) on July 11, 2018. The acquisition was made through wholly owned step-down subsidiary company namely Shree International Holding incorporated in UAE.
Earlier, the Board of Directors of the company had given approval for acquisition of majority equity stake in UCC and signing of the definitive agreement in this regard with the sellers.
Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.
