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Shree Cement hardens after good Q2 results

Capital Market 

Shree Cement surged 4.94% to Rs 19583.15 after consolidated net profit surged 50.1% to Rs 310.62 crore on a 5.2% increase in net sales to Rs 3004.45 crore in Q2 September 2019 over Q2 September 2018.

The result was announced on Saturday, 19 October 2019.

Meanwhile, the S&P BSE Sensex was down 77 points or 0.20% to 39221.17.

On the BSE, 3,534 shares were traded in the counter so far compared with average daily volumes of 760 shares in the past two weeks. The stock hit a high of Rs 20377.4 and a low of Rs 19278 so far during the day.

The stock hit a 52-week high of Rs 22200 on 01 Jul 2019. The stock hit a 52-week low of Rs 13125 on 31 Oct 2018.

Shree Cement is primarily an Indian cement manufacturer. It also produces and sells power under the name Shree Power and Shree Mega Power.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 22 2019. 13:39 IST