NCL Industries advances on reporting 32% growth in cement production in Q2 FY19

09 Oct 2018

NCL Industries is currently trading at Rs. 129.40, up by 8.25 points or 6.81% from its previous closing of Rs. 121.15 on the BSE.

The scrip opened at Rs. 131.80 and has touched a high and low of Rs. 131.90 and Rs. 126.70 respectively. So far 6778 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 18-Jan-2018 and a 52 week low of Rs. 120.40 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 134.85 and Rs. 120.40 respectively. The current market cap of the company is Rs. 591.64 crore.

The promoters holding in the company stood at 40.31%, while Institutions and Non-Institutions held 20.27% and 39.40% respectively.

NCL Industries has reported 32% growth in cement production to 4.88 lakh MT in Q2 FY19 from 3.69 lakh MT in Q2 FY18. The cement dispatches also increased by 31% to 4.88 lakh MT in Q2 FY19 from 3.72 lakh MT in Q2 FY18.

The company’s cement boards production and dispatches rose 19% and 7% at 16,458 MT and 16,728 MT respectively, during reported quarter.

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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