Orient Cement lost 2.37% to Rs 158.50 at 11:46 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 51.84 points or 0.15% at 34,393.91. The S&P BSE Mid-Cap index declined 0.29%, underperforming the Sensex.
On the BSE, 33,000 shares were traded on the counter so far as against average daily volumes of 48,076 shares in the past one quarter. The stock had hit a high of Rs 166.80 and a low of Rs 156 so far during the day. The stock had hit a 52-week high of Rs 183.80 on 5 January 2018 and a 52-week low of Rs 124.65 on 23 March 2017.
The stock had outperformed the market over the past one month till 26 February 2018, sliding 1.07% compared with the Sensex's 4.45% fall. The stock had, however, underperformed the market over the past one quarter, declining 0.61% as against the Sensex's 2.28% rise. The scrip had also underperformed the market over the past one year, surging 10.03% as against the Sensex's 19.22% rise.
The mid-cap company has equity capital of Rs 20.49 crore. Face value per share is Rs 1.
Shares of Orient Cement had rallied 12.66% in the previous three trading sessions to settle at Rs 162.35 yesterday, 26 February 2018, from its close of Rs 144.10 on 21 February 2018.
Orient Cement reported a net loss of Rs 17.67 crore in Q3 December 2017, higher than net loss of Rs 11.67 crore in Q3 December 2016. Net sales rose 12.1% to Rs 511.53 crore in Q3 December 2017 over Q3 December 2016.
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Orient Cement is engaged in the manufacturing and sales of cement.
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