Shiva Cement rises as its parent organization enters into ready mix concrete business

24 Jun 2021 Evaluate

Shiva Cement is currently trading at Rs. 30.35, up by 0.30 points or 1.00% from its previous closing of Rs. 30.05 on the BSE.

The scrip opened at Rs. 30.05 and has touched a high and low of Rs. 30.70 and Rs. 30.05 respectively. So far 22220 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. 31.85 and Rs. 28.70 respectively. The current market cap of the company is Rs. 585.98 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 ready mix concrete (RMC) business under the brand name 'JSW Concrete'. It has set up its first commercial RMC unit in Chembur, Mumbai and has plans to expand the business to other locations. The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects.

The RMC business foray is part of JSW Cement's strategy to offer the entire range of building material products to its customers. This strategic business foray would augment the company's existing building materials portfolio comprising cement, construction chemicals and steel with concrete, thus elevating JSW Cement into the league of a handful of companies in India, offering complete building materials solutions under one roof.

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

Shiva Cement Share Price

46.65 -1.45 (-3.01%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
ACC 2494.75
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Ambuja Cement 612.30
Dalmia Bharat 1940.05
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