ITD Cementation India gained 3.45% to Rs 476.40 at 13:18 IST on BSE, with the stock extending Thursday's rally triggered by fund buying.
Meanwhile, the S&P BSE Sensex was up 228.02 points or 0.81% to 28,295.58
On BSE, so far 8,246 shares were traded in the counter as compared to average daily volume of 10,844 shares in the past one quarter.
The stock hit a high of Rs 488.80 and a low of Rs 473 so far during the day. The stock had a 52-week high of Rs 500 on 5 November 2014 and a 52-week low of Rs 120.50 on 26 March 2014.
The stock had underperformed the market over the past one month till 20 November 2014, rising 2.92% compared with the Sensex's 6.2% rise. The stock, however, outperformed the market in past one quarter, surging 27.09% as against Sensex's 6.66% rise.
The small-cap construction company has an equity capital of Rs 15.52 crore. Face value per share is Rs 10.
HDFC Mutual Fund bought 1.52% stake in the company on Wednesday, 19 November 2014. Shares of ITD Cementation India rose by maximum permissible daily limit of 10% to settle at Rs 460.50 on Thursday, 20 November 2014. The stock advanced 13.79% in two trading days from its recent low of Rs 418.65 on 19 November 2014.
HDFC Mutual Fund bought 1.19 lakh shares or 0.76% stake in ITD Cementation India at Rs 419 per share in a bulk deal on BSE on Wednesday, 19 November 2014. HDFC Trustee Co under its HDFC Infrastructure Fund also bought 1.19 lakh shares or 0.76% stake in ITD Cementation India at Rs 419 per share in a bulk deal on NSE on Wednesday, 19 November 2014.
On a consolidated basis, ITD Cementation India reported net loss of Rs 21.95 crore in Q2 September 2014, higher than net loss of Rs 3.34 crore in Q2 September 2014. Net sales rose 7.6% to Rs 403.96 crore in Q2 September 2014 over Q2 September 2013.
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