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Shree Cement declines despite reporting 42% jump in Q3 net profit

  • Jan-12-2018
  • 14 Hrs IST

Shree Cement is currently trading at Rs. 18624.00, down by 887.95 points or 4.55 % from its previous closing of Rs. 19511.95 on the BSE.

The scrip opened at Rs. 19746.00 and has touched a high and low of Rs. 19800.00 and Rs. 18596.50 respectively. So far 63789 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 20560.00 on 15-May-2017 and a 52 week low of Rs. 14651.00 on 16-Jan-2017.

Last one week high and low of the scrip stood at Rs. 19842.30 and Rs. 18,596.50 respectively. The current market cap of the company is Rs. 65720.42 crore.

The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 29.47% and 5.74% respectively.

The company has reported a rise of 41.58% in its net profit at Rs 333.33 crore for third quarter ended December 31, 2017, as compared to net profit of Rs 235.43 crore for the same quarter in the previous year. Total income of the company increased by 7.04% at Rs 2383.53 crore for Q3FY18 as compared Rs 2226.79 crore for the corresponding quarter previous year.

Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.