Shree Cement declines over 4% in two days

Shree Cement fell 2.64% to Rs 4,211.55 at 9:53 IST on BSE, extending Monday's 1.64% fall triggered by the company's weak Q2 December 2013 results.

The result was announced during trading hours on Monday, 27 January 2014. The stock fell 1.64% to Rs 4,325.65 on that day. It is down 4.24% in two days from Rs 4,397.80 on Friday, 24 January 2014.

Meanwhile, the BSE Sensex was up 40.62 points, or 0.20%, to 20,748.07.

On BSE, so far 90 shares were traded in the counter, compared with an average volume of 4,327 shares in the past one quarter.

The stock hit a high of Rs 4,246.30 and a low of Rs 4,211.55 so far during the day. The stock hit a record high of Rs 5,210 on 31 May 2013. The stock hit a 52-week low of Rs 3,412.65 on 28 August 2013.

The stock had underperformed the market over the past one month till 27 January 2014, sliding 1.37% compared with the Sensex's 2.29% fall. The scrip had underperformed the market in past one quarter, sliding 2.69% as against Sensex's 0.12% rise.

The large-cap company has an equity capital of Rs 34.84 crore. Face value per share is Rs 10.

Shree Cement's net profit fell 46.89% to Rs 115.49 crore on 7.22% decline in total income to Rs 1328.03 crore in Q2 December 2013 over Q2 December 2012.

Shree Cement is present in the cement and power sector. The company's cement plants are located at Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand. It presently has a cement production capacity of 13.5 million tons per annum. Shree also has a power generation capacity of 570 megawatts with plants located in Rajasthan.

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