LIVE MARKET TRACKER :   BSE SENSEX   22628.84      |    NSE NIFTY 6779.40    
GLOBAL MARKETS :  NASDAQ 4095.516   +0.23%    |    FSI London 6625.25   +0.62%    |    NIKKEI Japan 14516.27   +0.68%
  USD GBP EUR CAD AUD INR
USD - 0.5957 0.7241 1.1028 1.0724 60.30
GBP 1.6795 - 1.2161 1.8521 1.8011 101.2738
EUR 1.3815 0.8229 - 1.5235 1.4815 83.3051
CAD 0.9076 0.5406 0.6572 - 0.9733 54.7296
AUD 0.933 0.5558 0.6756 1.0289 - 56.2599
INR 0.0166 0.0099 0.012 0.0183 0.0178 -
Indian-Commodity  :  Equity & Shares  :  Shree Cement trades in green on the BSE

Shree Cement trades in green on the BSE (14-Dec-2012)

Shree Cement is currently trading at Rs. 4468.05, up by 158.60 points or 3.68% from its previous closing of Rs. 4309.45 on the BSE.

The scrip opened at Rs. 4329.00 and has touched a high and low of Rs. 4494.10 and Rs. 4329.00 respectively. So far 1432 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4494.10 on 14-Dec-2012 and a 52 week low of Rs. 1881.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 4494.10 and Rs. 4251.30 respectively. The current market cap of the company is Rs. 15579.21 crore.

The promoters holding in the company stood at 64.79% while Institutions and Non-Institutions held 13.29% and 21.93% respectively.

CARE has assigned 'A1+' rating to Shree Cement's Rs 50 crore worth Short term debt (series II). The ratings continues to draw comfort from rich experience of the promoters and qualified  managerial team, strong brand image, operational efficiency due to backward integration  (limestone & power), improved performance of the cement unit, strong financial risk profile  marked by satisfactory profitability & low leverage, sizeable portfolio of surplus liquids funds and high energy efficient plants earning carbon credit.

However, the rating also factors in volatility in prices of crude oil and pet coke/coal, saleability risk associated with power unit, risk of ongoing projects and challenging operating environment for the domestic cement industry.

Shree Cement (SCL), belonging to B.G.Bangur - H. M. Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL's eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a. (PPC; OPC capacity -9 mn tonnes p.a.)

 


Top News Today
IMC to discuss upon coal bidder's concern in its meeting on Thursday
(17-Apr-2014)

IMC to discuss upon coal bidderWith the government having initiated the process of auctioning coal blocks, bidders have raised concerns on several serious and trivial issues, including discrepancies in reserves in the biggest of the......click on news to read complete article.

Retail Inflation snaps three months easing trend at 8.31% in March
(16-Apr-2014)

Retail Inflation snaps three months easing trend at 8.31% in MarchQuestioning the assumptions which that worst is over for Asia's third-largest economy, the provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) disappointed......click on news to read complete article.

India's share in global exports remains unchanged in 2013
(15-Apr-2014)

IndiaIndia's share in global exports and its ranking amongst top exporters remained unchanged in 2013. Although, the country posted a 5 per cent rise over the previous year, by exporting goods worth $312 billion......click on news to read complete article.

International Stock News
Asian markets trade mostly higher in early deals
(18-Apr-2014)

Asian markets trade mostly higher in early dealsMost of the Asian equity counters are trading in the green terrain in early deals on Friday due to reassuring comments from the Federal Reserve chief. Gains, however, were modest on growing concerns about......click on news to read complete article.

US markets conclude the week with solid gains
(18-Apr-2014)

US markets conclude the week with solid gainsThe US markets closed mostly up on Thursday, with four straight day of increases on the S&P 500 index and Nasdaq Composite ended the holiday-shortened week with solid gains. The weekly gain was......click on news to read complete article.

Asian markets trade mixed in early deals
(17-Apr-2014)

Asian markets trade mixed in early dealsAsian equity markets are trading mixed in early deals on Thursday as U.S. industrial production increased more than forecast in March and Federal Reserve Chair Janet Yellen said the central bank remains......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.