JK Cement is currently trading at Rs 102.55, up by 1.25 points or 1.23% from its previous closing of Rs 101.30 on the BSE.
The scrip opened at Rs 100.00 and has touched a high and low of Rs 103.40 and Rs 100.00 respectively. So far 3251 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 178.00 on 23-Nov-2010 and a 52 week low of Rs 95.80 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs 104.00 and Rs 95.80 respectively. The current market cap of the company is Rs 708.36 crore.
The promoters holding in the company stood at 66.24% while Institutions and Non-Institutions held 19.89% and 13.87% respectively.
JK Cement is likely to set up cement plant at JK Cement Works (Fujairah) FZC with production capacity of 0.6 Million Ton per annum of White Cement with a provision to change over to 1.01 Million Ton per annum capacity, grey cement at a total cost outlay $150 Million. The project will be funded at a debt equity ratio of 2:1. The company has obtained board approval for the cement plant at a board meeting held on November 11, 2011.
J. K. Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.