NCL Industries jumps on reporting 27% rise in cement production during Q3FY23
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NCL Industries is currently trading at Rs. 176.20, up by 2.85 points or 1.64% from its previous closing of Rs. 173.35 on the BSE.
The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 179.00 and Rs. 175.45 respectively. So far 5200 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.50 on 18-Jan-2022 and a 52 week low of Rs. 155.90 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 179.00 and Rs. 169.15 respectively. The current market cap of the company is Rs. 798.36 crore.
The promoters holding in the company stood at 46.48%, while Institutions and Non-Institutions held 2.51% and 51.01% respectively.
NCL Industries has reported 27% rise in cement production to 712,820 Metric Tonnes (MT) in Q3FY23 as compared to 560,962 MT in Q3FY22. The company has dispatched 707,365 MT cement in Q3FY23 as compared to 557,698 MT in Q3FY22, i.e. up by 27%. Its Cement Boards production and Cement Boards dispatches stood at 19,314 MT and 19,394 MT respectively in third quarter of FY23.
NCL Industries is an India-based company that operates in five segments: Cement, Boards, Prefab structures, Hydel Power and Ready Mix Concrete. The company was incorporated in 1979, a part of NCL Group. The company is also in the business activities of Cement, Prefab, Boards, Energy, Ready Mix Concrete Division.
