India Cements rose 2.36% to Rs 119.25, extending gains for the second session.
Shares of India Cements rose 2.97% in two trading sessions from a recent closing low of Rs 115.80 hit on 5 October 2020.
The cement maker's consolidated net profit slumped 71.4% to Rs 19.74 crore on 49% drop in net sales to Rs 763.46 crore in Q1 June 2020 over Q1 June 2019.
India Cements is primarily engaged in manufacture and marketing of cement and cement related products. Subsidiaries and associate companies are mainly engaged in the business of sugar, power, financial services, trading, mining and transportation.
The stock has galloped 71.70% from its 52-week low of Rs 69.45 hit on 30 December 2019.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU