India Cements shines after Supreme Court allows CSK to play in IPL7

28 Mar 2014 Evaluate

India Cements is currently trading at Rs. 60.70, up by 5.70 points or 10.36 % from its previous closing of Rs. 55.00 on the BSE.

The scrip opened at Rs. 54.20 and has touched a high and low of Rs. 61.20 and Rs. 54.00 respectively. So far 1158330 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.75 on 17-May-2013 and a 52 week low of Rs. 43.00 on 12-Aug-2013.

Last one week high and low of the scrip stood at Rs. 56.40 and Rs. 52.50 respectively. The current market cap of the company is Rs. 1816.96 crore.

The promoters holding in the company stood at 28.23 % while Institutions and Non-Institutions held 47.84 % and 21.01 % respectively.

Supreme Court has granted Chennai Super Kings (CHK) and Rajasthan Royals permission to play in the seventh edition of IPL. India Cements, headed by N Srinivasan is the owner of Chennai Super Kings. However, in its order, Supreme Court has stated that except players and commentators, no other employee of India Cements, its subsidiary, or associate companies will participate in IPL. Moreover, Supreme Court has appointed former cricketer Sunil Gavaskar as interim president of the Board of Control for Cricket in India (BCCI) in place of N Srinivasan.

India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.  India Cements has capacity to produces 9 million tonnes cement per annum.

India Cements Share Price

192.75 -1.15 (-0.59%)
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