Star Cement hits 52-week high on heavy volumes; stock up 30% in 3 months

Cement consumption in the Eastern region (131 Kg) is although lower than the national average (195 Kg), the market is likely to witness positive change in near future.

Shares of Star Cement surged 7 per cent to hit a 52-week high of Rs 113.60 on Tuesday’s intra-day trade, in an otherwise a weak market. The company is the leading cement company in the North-Eastern India and one of the fastest-growing cement players in the industry.

At 01:30 PM; shares of Star Cement traded 4 per cent higher at Rs 110.65 apiece, as compared to 0.64 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped nearly four-times on Tuesday. A combined 1.2 million shares representing nearly 1 per cent of the