India Cements rose 1.01% to Rs 125.40 at 15:08 IST on BSE after net profit rose 16.35% to Rs 43.98 crore on 1.63% fall in total income to Rs 1205.72 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 18 August 2016.Meanwhile, the S&P BSE Sensex was up 126.09 points or 0.45% at 28,131.46
On BSE, so far 17.30 lakh shares were traded in the counter as against average daily volume of 5.11 lakh shares in the past one quarter. The stock hit a high of Rs 130.80 so far during the day, which is a 52-week high for the counter. The stock had hit a 52-week low of Rs 63.60 on 25 August 2015. The stock had outperformed the market over the past 30 days till 17 August 2016, rising 11.25% compared with 0.78% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 43.61% as against Sensex's 10.26% rise.
The mid-cap company has equity capital of Rs 307.18 crore. Face value per share is Rs 10.
India Cements is one of the largest producers of cement in South India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content