Indian Cements Shares rose 17% up

Indian Cements Shares rose 17% up

Indian Cements Shares rose 17% up

Indian Cements Shares: In early morning trade, the share price of Indian Cement traded with 17% up. The company had acquired 2.75 percent share after Gopikishan S Damani, a brother of Radhakishan Damani Ace investor. 

Meanwhile, based on the bulk deals on the NSE (National Stock Exchange), Gopikishan acquired 85,22,428 shares in the Indian cement company at Rs 82.7 per share . 

As of December 2019, D-Mart Radhakishan Damani had 4.73% share in India Cements, up from 1.3 percent in September 2019. However, over the last six months, the share price of India Cements rose up more than 40% and right now it trading with gain of 17.40 points reached 104.45 INR with 19.99% up. 

In comparison with the five days average of 766,709 shares, the stock price also saw an increase of 360.87%, with volumes of 3,533,546 shares and it experienced 6.34 times in volume. Meanwhile, in Q3 results the company reported a consolidated net loss of Rs 8.79 crore. Whereas, in last fiscal October-December, the company reported net loss of Rs 4.32 crore.

Besides, the Sensex trading with a loss of 282.90 points reached 39,998.30 level with 0.70% down. Whereas, Nifty trading with a loss of 91.45 points reached 11,706.45 with 0.78% down. In the border market, the S&P BSE Midcap trading with a loss of 133.96 points reached 15,242.44 level with 0.87% down. S&P BSE SmallCap trading with a loss of 40.17 points reached 14,407.84 level with 0.28% down.

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