Shree Cement inches up amid volatility after Q4 results

Shree Cement rose 0.9% to Rs 11,550.50 at 14:02 IST on BSE after net profit fell 62.41% to Rs 104.11 crore on 3.25% growth in total income to Rs 1763.82 crore in Q4 June 2015 over Q4 June 2014.

The Q4 result was announced during market hours today, 5 August 2015.

Meanwhile, the S&P BSE Sensex was up 181.95 points or 0.65% at 28,253.88.

On BSE, so far 1,595 shares were traded in the counter as against average daily volume of 640 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.9% at the day's high of Rs 11,780 so far during the day. The stock rose 0.17% at the day's low of Rs 11,467.95 so far during the day. The stock had hit a 52-week low of Rs 7,125 on 11 August 2014. The stock had hit a record high of Rs 12,388.85 on 15 May 2015.

The stock had outperformed the market over the past one month till 4 August 2015, rising 4.69% compared with Sensex's 0.07% decline. The scrip had also outperformed the market in past one quarter, advancing 11.28% as against Sensex's 2.11% gain.

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

Shree Cement's board of directors at its meeting held today, 5 August 2015, recommended final dividend of Rs 14 per share for the year ended 30 June 2015.

Shree Cement's cement plants are located at Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand and Aurangabad in Bihar.

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