Meanwhile, the S&P BSE Sensex was up 106.08 points or 0.57% at 18,851.01.
On BSE, 1.35 lakh shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.
The stock hit a high of Rs 87.20 and a low of Rs 84.85 so far during the day. The stock had hit a 52-week low of Rs 70.90 on 22 May 2012. The stock had hit a 52-week high of Rs 104.65 on 15 October 2012.
The stock outperformed the market over the past one month till 16 April 2013, rising 2.91% compared with the Sensex's 3.51% fall. The scrip had also outperformed the market in past one quarter, rising 0.41% as against Sensex's 5.41% fall.
The small-cap company has equity capital of Rs 307.18 crore. Face value per share is Rs 10.
Shares of India Cements had risen 4.58% in three trading sessions to settle at Rs 86.75 on Tuesday, 16 April 2013, from a recent low of Rs 82.95 on 11 April 2013.
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India Cements' net profit declined 53.6% to Rs 26.12 crore on 15% growth in net sales to Rs 1082.36 crore in Q3 December 2012 over Q3 December 2011.
India Cements is the largest producer of cement in South India. It has established brands viz. Sankar Super Power, Coromandel Super Power and Raasi Super Power.
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