JK Cement is currently trading at Rs. 340.70, up by 1.40 points or 0.12% from its previous closing of Rs. 340.30 on the BSE.
The scrip opened at Rs. 341.40 and has touched a high and low of Rs. 344.95 and Rs. 339.00 respectively. So far 3414 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.80 on 24-Dec-2012 and a 52 week low of Rs. 109.30 on 30-Jan-2012.
Last one week high and low of the scrip stood at Rs. 346.50 and Rs. 313.00 respectively. The current market cap of the company is Rs. 71.25 crore.
The promoters holding in the company stood at 66.57% while Institutions and Non-Institutions held 21.47% and 11.96% respectively.
In order to meet the fund requirement for funding its long-term growth and general corporate purposes including for capital expenditure and working capital, Kanpur-based JK Cement is planning to raise up to Rs 200 crore from QIP (qualified institutional placement) issue.
In this regard, the company, with 7.5 million tonnes per annum (mtpa) capacity, has convened a meeting of shareholders on February 9. As on September-end, promoter holding in the company stood at 66.57%.
The company has four manufacturing units -- three in Rajasthan and one in Karnataka -- with a total capacity of 7.5 mtpa
