LIVE MARKET TRACKER :   BSE SENSEX   26575.65      |    NSE NIFTY 7927.75    
GLOBAL MARKETS :  NASDAQ 4413.763   +2.26%    |    FSI London 6372.33   +1.68%    |    NIKKEI Japan 14804.28   -2.03%
  USD GBP EUR CAD AUD INR
USD - 0.6205 0.786 1.1229 1.139 61.12
GBP 1.612 - 1.267 1.8101 1.8361 98.5224
EUR 1.2725 0.7895 - 1.4289 1.4494 77.7734
CAD 0.8906 0.5526 0.70 - 1.0144 54.4339
AUD 0.878 0.5448 0.6901 0.9859 - 53.6634
INR 0.0164 0.0102 0.0129 0.0184 0.0186 -
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
ONGC, Hero MotoCorp and SAIL to see some action today
(21-Oct-2014)

ONGC, Hero MotoCorp and SAIL to see some action todayThe Government plans to offload a portion of its stake in ONGC by the first week of November. The move is expected to speed up the Government's disinvestment programme, which has been hanging fire for......click on news to read complete article.

RBI governor hopes the economy to grow by 5.5% this year
(17-Oct-2014)

RBI governor hopes the economy to grow by 5.5% this yearReserve Bank of India (RBI) governor Raghuram Rajan has expressed hopes on the Indian growth story and has said that the country is seeing a pick-up in economic growth and more can be done to support it......click on news to read complete article.

Tata Steel, UltraTech and NTPC to see some action today
(16-Oct-2014)

Tata Steel, UltraTech and NTPC to see some action todayTata Steel has signed a memorandum of understanding with the Geneva-based Klesch group for the potential sale of its long products business in Europe and associated distribution activities. The division......click on news to read complete article.

International Stock News
US markets close higher on optimism over corporate earnings
(21-Oct-2014)

US markets close higher on optimism over corporate earningsThe US markets closed higher on Monday, with equity investors beginning the week on positive note, as optimism over corporate earnings spurred a rebound from last week's selloff. That's two straight positive......click on news to read complete article.

US markets closed higher; Dow snaps 6-day losing streak
(18-Oct-2014)

US markets closed higher; Dow snaps 6-day losing streakThe US markets closed higher on Friday, with Dow snapping 6-day losing streak, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will......click on news to read complete article.

US markets closed mostly higher; Dow ends in red
(17-Oct-2014)

US markets closed mostly higher; Dow ends in redThe US markets closed mostly higher on Thursday, recovering from early losses though Dow ended in red. The gains were induced with Bullard statement that the Federal Reserve should consider extending its......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.