Udaipur Cement jumps 2.1%

JK Lakshmi Cement will sell 3.01% stake or 88.9 lakh shares in its subsidiary Udaipur Cement Works through an offer-for-sale.

Dec 29, 2015 10:12 IST India Infoline News Service

Udaipur Cement jumped 2.1% to Rs.14 on BSE. JK Lakshmi Cement will sell 3.01% stake or 88.9 lakh shares in its subsidiary Udaipur Cement Works through an offer-for-sale.

The scrip opened at Rs. 13.05 and has touched a high and low of Rs. 14.37 and Rs. 13.05 respectively. So far 3703025(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 401.18 crore.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 19.9 on 15-Jan-2015 and a 52 week low of Rs. 9.95 on 07-Dec-2015. Last one week high and low of the scrip stood at Rs. 15.12 and Rs. 12.07 respectively.

The promoters holding in the company stood at 88.64 % while Institutions and Non-Institutions held 3.44 % and 7.92 % respectively.

The stock is currently trading below its 50 DMA.

Related Story