ITD Cementation rises on impressive Q4 earnings

ITD Cementation India rose 2.26% to Rs 187.80 at 11:23 IST on BSE after consolidated net profit surged 47.45% to Rs 17.65 crore on 15.13% decline in total income to Rs 589.96 crore in Q4 December 2017 over Q4 December 2016.

The results were announced after market hours yesterday, 22 February 2018.

Meanwhile, the S&P BSE Sensex was up 130.92 points or 0.39% at 33,950.42. The S&P BSE Mid-Cap index advanced 1.15%, outperforming the Sensex.

On the BSE, 15,000 shares were traded on the counter so far as against average daily volumes of 74,907 shares in the past one quarter. The stock had hit a high of Rs 190 and a low of Rs 186.55 so far during the day. The stock had hit a record high of Rs 234.90 on 13 November 2017 and a 52-week low of Rs 144.75 on 22 February 2017.

The stock had underperformed the market over the past one month till 22 February 2018, sliding 15.41% compared with the Sensex's 5.53% fall. The stock had also underperformed the market over the past one quarter, declining 11.28% as against the Sensex's 0.77% rise. The scrip had, however, outperformed the market over the past one year, surging 22.31% as against the Sensex's 17.17% rise.

The mid-cap company has equity capital of Rs 17.18 crore. Face value per share is Rs 1.

ITD Cementation India is engaged in construction and civil engineering.

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