India cements share news: On Thursday, the company’s shares fell 4 percent and closed at Rs 229.70.
This company is India Cements. The company said in the information given to the exchange that India Cements is selling the land to Ultratech. On Thursday, the company’s shares fell 4 percent and closed at Rs 229.70. The stock has fallen 8 percent in a week.
The share has increased by 6 percent in a month, from January to September the share has increased by 5 percent. The stock has fallen 16 percent from September 2022 to September 2023. The stock has fallen 100 percent in one year.
INDIA CEMENTS told the exchange that it is selling 73.75 acres of land in Andhra Pradesh to ULTRATECH CEMENT for Rs 70 crore.
What does India Cements do? India Cements Limited is a cement manufacturing company based in Chennai. It is India’s 9th largest listed cement company in terms of revenue. The company is headed by N., former President of the International Cricket Council and Chairman of the Board of Control for Cricket in India. Srinivasan does. The company was established in 1946 by S.N.N. Was done by.
Promoters’ stake in INDIA CEMENTS is 28.42 percent. Besides, the number of pledged shares of the company’s promoters is also continuously increasing. In December 2022, 16.81 percent of the total promoters’ stake was pledged. At the same time, it increased to 22.14 percent in March 2023. It increased to 25.57 percent in June 2023. In the June quarter, promoters have pledged a total of 3.43 percent more shares.
The company is in loss. The company’s loss in the April-June quarter of the financial year 2023-24 has been Rs 87.40 crore as against Rs 79.98 crore in the April-June quarter of the financial year 2022-23. During this period, the company’s income fell by 5.12% to Rs 1,436.74 crore.