Mangalam Cement rose 1.08% to Rs 317 at 15:21 IST on BSE after the company said it has commissioned trial run of the new cement grinding unit of 0.75 million ton per annum capacity at Aligarh.
The announcement was made during market hours today, 10 August 2016.Meanwhile, the S&P BSE Sensex was down 324.60 points or 1.16% at 27,760.56.
On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 20,000 shares in the past two weeks. The stock hit a high of Rs 321.10 and a low of Rs 309 so far during the day. The stock had hit a 52-week high of Rs 330 on 8 August 2016. The stock had hit a 52-week low of Rs 151.10 on 25 February 2016.
The overall capacity of Mangalam Cement is now enhanced to 4 million ton per annum (MTPA) from 3.25 MTPA.
Mangalam Cement reported net profit of Rs 22.58 crore in the quarter ended 30 June 2016 compared with net loss of Rs 18.91 crore in the quarter ended 30 June 2015. Total income from operations rose 5.51% to Rs 225.17 crore in the quarter ended 30 June 2016 over the quarter ended 30 June 2015.
Mangalam Cement is a cement manufacturing company.
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