Shree Cement gains on strong Q1 nos
17th October 2012 11:18 AM
Shree Cement gained on Wednesday after itreportedstrong Q1 earnings.
The company reported a rise of 5.92 times in net profit to Rs 2,281.3 million for the quarter ended Sept 30, 2012 as compared to Rs 384.9 million in the same period last year. This was led by strong operating margins and sales growth.
Net sales of the company increased by 55.28% to Rs 13.23 billion for the quarter ended Sept 30, 2012 as compared to Rs 8.52 billion in the same period last year.
Shares of Shree Cement are trading at Rs 4,100.05, up Rs 51.25, or 1.27% at the Bombay Stock Exchange (BSE) on Wednesday at 10:15 a.m.The scrip has touched an intra-day high of Rs 4,136.00 and low of Rs 4,058.15. The total volume of shares traded at the BSE is 942.In the earlier session, the shares lost 0.77%, or Rs 31.4, at Rs 4,048.80. Currently, the stock is trading down 7.7% from its 52-week high of Rs 4,442 and above 124.91% over the 52-week low of Rs 1,823.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 3,924.50 124.30 3.17 1 Month 3,404.00 644.80 18.94 3 Months 2,914.80 1,134.00 38.90 6 Months 2,840.20 1,208.60 42.55 1 Year 1,867.05 2,181.75 116.86 Note: Based on previous day closing price.
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