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JK Lakshmi strengthens on plan to hike cement price by Rs 10-15 per bag shortly

19 Sep 2013

JK Lakshmi Cement is currently trading at Rs. 69.50, up by 0.50 points or 0.72% from its previous closing of Rs. 69.00 on the BSE.

The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 72.00 and Rs. 69.00 respectively. So far 24687 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 171.60 on 03-Jan-2013 and a 52 week low of Rs. 49.05 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 72.00 and Rs. 60.00 respectively. The current market cap of the company is Rs. 819.57 crore.

The promoters holding in the company stood at 45.96% while Institutions and Non-Institutions held 20.33% and 33.09% respectively.

In the wake of cement industry battling tough conditions since past couple of months, JK Lakshmi is likely to hike cement price by Rs 10-15 per bag shortly. Given the increased cost on account of diesel hike and also the fuel prices, cement companies have been under tremendous pressure.

JK Lakshmi Cement is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan, with an installed capacity of 4.2 million tonnes per annum (mtpa), and at Kalol, Gujarat, with an installed capacity of 0.55 mtpa as on March 31, 2012.


Related JK Lakshmi Cement Ltd. Links:

JK Lakshmi Cement Share Price

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