ALSO READVolumes jump at ITD Cementation India counter ITD Cementation India consolidated net profit rises 119.72% in the June 2017 quarter ITD Cementation India consolidated net profit declines 30.35% in the March 2017 quarter ITD Cementation India standalone net profit rises 121.37% in the June 2017 quarter ITD Cementation India standalone net profit declines 30.28% in the March 2017 quarter
ITD Cementation India rose 5.10% to Rs 155.65 at 12:30 IST on BSE after consolidated net profit rose 119.72% to Rs 20.72 crore on 41.29% decline in net sales to Rs 489.17 crore in Q2 June 2017 over Q2 June 2016.The result was announced after market hours yesterday, 9 August 2017.
Meanwhile, the S&P BSE Sensex was down 119.92 points, or 0.38% to 31,677.92.
On the BSE, 4.66 lakh shares were traded in the counter so far, compared with average daily volumes of 51,092 shares in the past one quarter. The stock had hit a high of Rs 157.25 and a low of Rs 149.50 so far during the day. The stock hit a record high of Rs 193.35 on 2 May 2017.
The stock hit a 52-week low of Rs 126.20 on 9 November 2016.
The stock had underperformed the market over the past one month till 9 August 2017, falling 13.82% compared with 0.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.69% as against Sensex's 5.11% rise. The scrip had outperformed the market in past one year, rising 4.48% as against Sensex's 14.48% rise.
The small-cap company has equity capital of Rs 15.52 crore. Face value per share is Re 1.
ITD Cementation India is engaged in the construction of marine structures, highways, bridges & flyovers, metros, airports, hydro-tunneling, dams & canals, water & waste water segment, industrial structures, buildings and specialist foundation engineering projects.
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