Shree Cement rose 3.30% to Rs 17,390.75 at 12:33 IST on BSE after the company said it commissioned new cement grinding unit in Rajasthan.
The announcement was made during trading hours today, 15 February 2018.Meanwhile, the S&P BSE Sensex was up 252.47 points, or 0.74% to 34,408.42.
On the BSE, 182 shares were traded in the counter so far compared with average daily volumes of 5,282 shares in the past one quarter. The stock had hit a high of Rs 17,400 and a low of Rs 16,839.55 so far during the day. The stock hit a record high of Rs 20,560 on 15 May 2017. The stock hit a 52-week low of Rs 15,051 on 15 February 2017.
The stock had underperformed the market over the past 30 days till 14 February 2018, falling 11.83% compared with 1.77% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.90% as against Sensex's 3.17% rise. The scrip had also underperformed the market in past one year, rising 9.19% as against Sensex's 21.31% rise.
The large-cap company has equity capital of Rs 34.84 crore. Face value per share is Rs 10.
Shree Cement said it commissioned new cement grinding unit (namely Bangur Cement Unit) having capacity of 3.60 million tonnes per annum (MTPA) at Village Rohi Udaipur Udasar, district Sriganganagar in Rajasthan.
Shree Cement's net profit rose 41.6% to Rs 333.33 crore on 23.1% growth in net sales to Rs 2296.23 crore in Q3 December 2017 over Q3 December 2016.
Shree Cement operates through two business segments: Cement and Power. The company's manufacturing operations are spread over North and East India.
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