Shree Cement crosses Rs 1 trillion in market capitalisation

In the past six trading days, the stock has surged 23 per cent after the company reported healthy Ebitda growth of 28.2% YoY at Rs 1,089 crore

Shree Cement has joined the elite club of companies with Rs 1-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 28,059, rallying 5 per cent in intra-day trade on Monday. The company engaged in the manufacture and sale of cement and cement related products surpassed its previous high of Rs 27,356, touched on February 4, 2021.

With the market-cap of Rs 1.01 trillion, at 01:30 pm; Shree Cement stood at number 33th position in overall market-cap ranking, the BSE data shows. The stock was up 4.5 per cent at Rs 27,926,