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India Cements nears 52-week high, settles around 5% higher on the BSE

As per shareholding pattern data for the March quarter, Radhakishan Damani along with Gopikishan Damani holds around 20 per cent stake in the company

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India Cements' fundamentals continue to be weak and will remain weak given the current challenging environment, said Centrum Broking in a note dated May 18. (Representative image)

SI Reporter New Delhi
Shares of India Cements climbed as much as 10.5 per cent to Rs 139.30 apiece in the intra-day trade on the BSE on Wednesday, nearing its 52-week high of Rs 140, touched on May 26, 2020. The stock, however, pared gains later to settle at Rs 132, up around 5 per cent. 

So far in the calendar year 2020, the stock has rallied 85 per cent (as of Wednesday's close) as compared to around 19 per cent decline in the benchmark S&P BSE Sensex, exchange data shows. The stock had hit an all-time high of Rs 333 on December

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First Published: Jun 17 2020 | 10:08 AM IST

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