India Cements is currently trading at Rs. 234.85, up by 5.00 points or 2.18% from its previous closing of Rs. 229.85 on the BSE.
The scrip opened at Rs. 230.80 and has touched a high and low of Rs. 236.40 and Rs. 229.30 respectively. So far 166554 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 282.60 on 10-Oct-2022 and a 52 week low of Rs. 167.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 247.95 and Rs. 228.50 respectively. The current market cap of the company is Rs. 7273.29 crore.
The promoters holding in the company stood at 28.42%, while Institutions and Non-Institutions held 23.07% and 48.51% respectively.
India Cements has entered into an agreement with UltraTech Cement for the sale of land admeasuring 73.75 acres (which includes land admeasuring 14.53 acres to be procured) located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of Rs 70 crore, exclusive of taxes, stamp duty and registration charges.
This is part of the Company’s plan to monetize some of its non-core assets for improving its liquidity and to meet few of its capital expenditure plans.
The India Cements is engaged in the manufacture of products that will enable the customer to build structures which are durable, cost effective and conducive for human life style.
Company Name | CMP |
---|---|
Ultratech Cement | 9786.10 |
ACC | 2530.00 |
Shree Cement | 25712.60 |
Ambuja Cement | 622.25 |
Dalmia Bharat | 1797.00 |
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