Dalmia Cement surges on posting 21% growth in January sales
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Dalmia Cement (Bharat) – Tips |
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Dalmia Cement (Bharat) – Price Details |
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Dalmia Cement (Bharat) – Technical Analysis |
Dalmia Cement, one of the leading cement manufacturers of the country, has reported 21.03% jump in its January sales. The company sold total 3.05 lakh tonne of cement in January 2010 against 2.52 lakh tonne in January 2009.
The scrip is currently trading at Rs 190 per share, up 7.20 points or 3.94% on the BSE
The stock opened at Rs 187.75 compared to its previous close of Rs 182.80. Intraday, the counter has touched a high and a low of Rs 190 and Rs 187.75, respectively.
So far 1,670 shares of the company were traded on the BSE.
The stock of the face value of Rs 2 touched its 52-week high of Rs 225 on January 15, 2010 and a 52-week low of Rs 71.65 on March 6, 2009.
The promoters holding in the company as per December 2009 quarter stood at 56.60%, DII and FII held 3.93% and 1.46% respectively while others were holding 38.01% in the company.
Its production during the latest month stood at 3.17 lakh tonne, up 21.6% over the year ago period.
The company has now sold total 33.07 lakh tonne and has produced 33.11 lakh tonne of cement during the ten months ended on January 31, 2010.
Recently, Dalmia Cement raised its stake in OCL India to 45.4% from earlier 21.7% through inter-se transfer. This acquisition is expected to help the company to increase its foot print in Eastern region and emerge as the two-region player.
The present cement capacity of Dalmia Cement is 9 million tonne and of OCL India is 5.3 million tonne, respectively.
The company has reported total revenue of Rs 563.70 crore for the quarter ended September, 2009 while the net profit of the company was Rs 53.85 crore.
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