Shree Cement was up 0.03% to Rs 16,200 at 11:53 IST on BSE after the company said that the clinker capacity of unit-I at a plant in Beawar (Rajasthan) has increased to 1.4 million tonne per annum (MTPA) from existing 1.1 MTPA.
The announcement was made after market hours yesterday, 19 July 2016.Meanwhile, the S&P BSE Sensex was up 108.59 points or 0.39% at 27,896.21.
On BSE, so far 143 shares were traded in the counter as against average daily volume of 1,840 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.44% at the day's high of Rs 16,430 so far during the day, which is a record high for the counter. The stock lost as much as 0.09% at the day's low of Rs 16,180 so far during the day. The stock had hit a 52-week low of Rs 9,350 on 15 January 2016. The stock had outperformed the market over the past one month till 19 July 2016, advancing 17.85% compared with Sensex's 4.36% rise. The scrip had also outperformed the market in past one quarter, gaining 24.73% as against Sensex's 7.64% rise.
The large-cap company has equity capital of Rs 34.84 crore. Face value per share is Rs 10.
Shree Cement had earlier informed that it had completed the up-gradation of preheater of clinker line of unit-I at Beawar (Rajasthan) on 15 July 2016.
Shree Cement's net profit rose 86.5% to Rs 223.34 crore on 28.2% increase in net sales to Rs 2017.41 crore in Q3 March 2016 over Q3 March 2015.
Shree Cement is focused on its core business of cement and power. Currently its manufacturing operations are spread over North and Eastern India across five states.
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