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India Cements rally 20% in two days on heavy volumes

The stock hit its 52-week high of Rs 193, up 11%, extending its Wednesday's 9% surge

SI Reporter  |  Mumbai 

Shree Cement: Compelling but expensive growth story

hit its 52-week high of Rs 193, up 11%, extending its Wednesday’s 9% surge on BSE, after Hon'ble National Company Law Tribunal (NCLT) approval for scheme of amalgamation and arrangement.

“The Hon'ble National Company Law Tribunal (NCLT), Chennai Bench vide its order dated 13 April 2017, has approved the scheme of amalgamation and arrangement between (first transferor company) and Trishul Concrete Products (second transferor company) with The (transferee company) and their respectively shareholders,” said in a BSE filing.


At 12:25 pm; the stock was up 8% at Rs 188 on BSE as compared to 0.26% rise in the S&P BSE Sensex. The trading volumes on the counter jumped an over five-fold with a combined 26.98 million shares changed hands on BSE and NSE so far.

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India Cements rally 20% in two days on heavy volumes

The stock hit its 52-week high of Rs 193, up 11%, extending its Wednesday's 9% surge

The stock hit its 52-week high of Rs 193, up 11%, extending its Wednesday's 9% surge
hit its 52-week high of Rs 193, up 11%, extending its Wednesday’s 9% surge on BSE, after Hon'ble National Company Law Tribunal (NCLT) approval for scheme of amalgamation and arrangement.

“The Hon'ble National Company Law Tribunal (NCLT), Chennai Bench vide its order dated 13 April 2017, has approved the scheme of amalgamation and arrangement between (first transferor company) and Trishul Concrete Products (second transferor company) with The (transferee company) and their respectively shareholders,” said in a BSE filing.

At 12:25 pm; the stock was up 8% at Rs 188 on BSE as compared to 0.26% rise in the S&P BSE Sensex. The trading volumes on the counter jumped an over five-fold with a combined 26.98 million shares changed hands on BSE and NSE so far.
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Business Standard
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India Cements rally 20% in two days on heavy volumes

The stock hit its 52-week high of Rs 193, up 11%, extending its Wednesday's 9% surge

hit its 52-week high of Rs 193, up 11%, extending its Wednesday’s 9% surge on BSE, after Hon'ble National Company Law Tribunal (NCLT) approval for scheme of amalgamation and arrangement.

“The Hon'ble National Company Law Tribunal (NCLT), Chennai Bench vide its order dated 13 April 2017, has approved the scheme of amalgamation and arrangement between (first transferor company) and Trishul Concrete Products (second transferor company) with The (transferee company) and their respectively shareholders,” said in a BSE filing.

At 12:25 pm; the stock was up 8% at Rs 188 on BSE as compared to 0.26% rise in the S&P BSE Sensex. The trading volumes on the counter jumped an over five-fold with a combined 26.98 million shares changed hands on BSE and NSE so far.

image
Business Standard
177 22