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Shiva Cement trades higher as its parent organization enters into construction chemical sector

15 Jun 2021 Evaluate

Shiva Cement is currently trading at Rs. 32.75, up by 0.25 points or 0.77% from its previous closing of Rs. 32.50 on the BSE.

The scrip opened at Rs. 33.00 and has touched a high and low of Rs. 33.30 and Rs. 31.75 respectively. So far 315975 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.90 on 14-Jun-2021 and a 52 week low of Rs. 8.85 on 29-Jul-2020.

Last one week high and low of the scrip stood at Rs. 33.90 and Rs. 28.85 respectively. The current market cap of the company is Rs. 638.63 crore.

The promoters holding in the company stood at 59.32%, while Institutions and Non-Institutions held 0.11% and 40.58% respectively.

Shiva Cement’s parent organization -- JSW Cement has entered into construction chemical sector with the launch of a green product range in the category. The range comprises 'Enduro Plast' readymix plaster, 'Krysta Leakproof' integral crystalline waterproofing compound and 'Duraflor' floor hardner. The company has established a 0.3-million-ton manufacturing facility in Ballari in Karnataka to produce its construction chemical product range. It has begun the roll-out of these products and will cover key markets across Karnataka.

Shiva Cement, the Odisha-based cement company, and a subsidiary of JSW Cement, India’s leading producer of green cement.

Peers
Company Name CMP
Ultratech Cement 10750.00
Ambuja Cements 382.10
ACC 1223.40
Shree Cement 21956.00
Dalmia Bharat 1687.95
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