Meanwhile, the S&P BSE Sensex was down 29.08 points, or 0.1%, to 28,744.05
Bulk deal boosted volume on the scrip. On BSE, so far 10.78 lakh shares were traded in the counter, compared with average daily volume of 16,317 shares in the past one quarter. The stock hit a high of Rs 622.80 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 609.30 so far during the day. The stock hit a 52-week low of Rs 315.05 on 28 September 2015. The stock had outperformed the market over the past 30 days till 22 September 2016, rising 8.53% compared with 2.54% rise in the Sensex. The scrip also outperformed the market in past one quarter, rising 11.78% as against Sensex's 9% rise.
The large-cap company has an equity capital of Rs 23.81 crore. Face value per share is Re 1.
The Ramco Cements' net profit rose 57.12% to Rs 155.93 crore on 2.6% increase in total income to Rs 973.95 crore in Q1 June 2016 over Q1 June 2015.
Chennai-based The Ramco Cements (formerly Madras Cements) makes Portland cement. The company also produces ready mix concrete and dry mortar products, and operates one of the largest wind farms in the country.
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