Shree Cement surged 3.97% to Rs 450 at 10:25 IST on BSE, after cement shipments rose 12.81% to 6.25 lakh tonnes in October 2008 over October 2007.
The stock hit a high of Rs 450 and a low of Rs 450 so far during the day. The stock has a 52-week high of Rs 1600 on 7 December 2007 and a 52-week low of Rs 330 on 27 October 2008.
The company’s current equity is Rs 34.84 crore. Face value per share is Rs 10.
The current price of Rs 450 discounts the company’s Q2 September 2008 annualized EPS of Rs 123.41, by a PE multiple of 3.65.
The cement shipments rose 21.23% to 4.11 million tonnes, during the period from April 2008 to October 2008 over April 2007 to October 2007. The firm has a capacity to produce 8 million tonnes of cement annually at its plant in the northern state of Rajasthan.
Shree Cement’s net profit rose 1.2% to Rs 107.49 crore on 32.2% increase in net sales to Rs 629.18 crore in Q2 September 2008 over Q2 September 2007.
Shree Cement is engaged in manufacturing and selling of cement throughout India.
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