NCL Industries surges on reporting 23% rise in cement production during Q1FY24
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NCL Industries is currently trading at Rs. 202.00, up by 2.00 points or 1.00% from its previous closing of Rs. 200.00 on the BSE.
The scrip opened at Rs. 200.50 and has touched a high and low of Rs. 205.10 and Rs. 198.00 respectively. So far 35847 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.05 on 14-Jun-2023 and a 52 week low of Rs. 155.25 on 06-Feb-2023.
Last one week high and low of the scrip stood at Rs. 205.10 and Rs. 196.50 respectively. The current market cap of the company is Rs. 920.94 crore.
The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 3.55% and 49.19% respectively.
NCL Industries has reported 23% rise in cement production to 7,50,521 Metric Tonnes (MT) in Q1FY24 as compared to 6,09,575 MT in Q1FY23. The company has dispatched 7,42,056 MT cement in Q1FY24 as compared to 6,03,426 MT in Q1FY23, i.e. up by 23%. Its Cement Boards production and Cement Boards dispatches stood at 19,283 MT and 18,152 MT respectively in Q1FY24.
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.
