Shree Cement turns volatile after Q3 results

Shree Cement was down 0.07% to Rs 10,670 at 14:02 IST on BSE after net profit rose 9.80% to Rs 102.86 crore on 18.27% increase in total income to Rs 1850.41 crore in Q2 December 2015 over Q2 December 2014.

The result was announced during trading hours today, 2 February 2016.

Meanwhile, the BSE Sensex was down 117.44 points, or 0.47%, to 24,707.39.

On BSE, so far 636 shares were traded in the counter, compared with an average volume of 351 shares in the past one quarter. The stock rose 0.53% at the day's a high of Rs 10,734.75 so far during the day. The stock fell 1.83% at the day's low of Rs 10,482 so far during the day. The stock hit a record high of Rs 13,344.90 on 23 October 2015. The stock hit a 52-week low of Rs 9,350 on 15 January 2016. The stock had underperformed the market over the past one month till 1 February 2016, sliding 5.62% compared with 5.11% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.39% as against Sensex's 6.87% fall.

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

Shree Cement is focused on its core business of cement and power. Currently its manufacturing operations are spread over North and Eastern India across five states.

Powered by Capital Market - Live News