Dalmia Bharat up 1%; in race for LafargeHolcim's Sri Lankan operations

These players have been shortlisted after an initial round of screening and are competing with local Sri Lankan, Chinese and Thai cementmakers, says report.

Jun 10, 2016 04:06 IST India Infoline News Service

Dalmia Bharat stock was up by 1% at Rs. 973. Dalmia Bharat, Shree Cement, along with  Ramco are in race for LafargeHolcim's Sri Lankan operations, according to reports.
Report says that these players have been shortlisted after an initial round of screening and are competing with local Sri Lankan, Chinese and Thai cementmakers.
Standard Chartered Bank is advising LafargeHolcim to sell the Lankan assets. 

The scrip opened at Rs. 977.9 and has touched a high and low of Rs. 979 and Rs. 970.25 respectively. So far 4750(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8588.98 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 979.95 on 09-Jun-2016 and a 52 week low of Rs. 573 on 29-Jun-2015. Last one week high and low of the scrip stood at Rs. 979.95 and Rs. 906 respectively.
The promoters holding in the company stood at 57.42 % while Institutions and Non-Institutions held 12.46 % and 26.58 % respectively.
The stock is currently trading above its 50 DMA.

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