Shree Cement rose 3.98% to Rs 9,292 at 15:28 IST on BSE after the company's net profit declined 36.81% to Rs 108.81 crore on 23.8% rise in total income to Rs 1636.13 crore in Q1 September 2014 over Q1 September 2013.
The Q1 result was announced during market hours today, 10 November 2014.
Meanwhile, the S&P BSE Sensex was down 12.77 points or 0.05% at 27,855.86.
On BSE, so far 3,174 shares were traded in the counter as against average daily volume of 3,144 shares in the past one quarter.
The stock hit a high of Rs 9,292, also a record high for the stock. The stock hit a low of Rs 8,811.10 so far during the day. The stock had hit a 52-week low of Rs 4,100.10 on 27 January 2014.
The stock had outperformed the market over the past one month till 7 November 2014, advancing 6.7% compared with the Sensex's 6.08% rise. The scrip had also outperformed the market in past one quarter, gaining 21.68% as against Sensex's 8.91% rise.
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The large-cap cement manufacturer has an equity capital of Rs 34.84 crore. Face value per share is Rs 10.
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