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Shree Cement’s soars on reporting decent Q2 numbers

11 Nov 2011

Shree Cement is currently trading at Rs 2026.00, up by 22.85 points or 1.14% from its previous closing of Rs 2003.15 on the BSE.

The scrip opened at its day’s low of Rs 2000.00 and has touched a high of Rs 2040.00. So far 360 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2,323.95 on 05-Nov-2010 and a 52 week low of Rs 1504.75 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs 2044.95 and Rs 1,879.05 respectively. The current market cap of the company is Rs 7058 crore.

The promoters holding in the company stood at 64.78% while Institutions and Non-Institutions held 13.00% and 22.22% respectively.

Shree Cement has reported results for the quarter ended September 30, 2011.

The Company’s net profit for the quarter zoomed by 265.28% at Rs 38.49 crore as compared to Rs 10.54 crore for the quarter ended September 30, 2010. Company’s total income has increased by 15.33% at Rs 857.09 crore for the second quarter of the current fiscal from Rs 743.11 crore for the corresponding quarter of the previous year.

Cement business contributed Rs 848 crore to the company's top-line and the power segment Rs 80 crore. Meanwhile, consumption of raw material and power and fuel costs stood at Rs 95.38 crore and 203.31 crore, respectively, during the reporting quarter.

Related Shree Cement Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323