Saurashtra Cement falls on temporarily shutting down production at Gotan Plant
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Saurashtra Cement is currently trading at Rs. 60.90, down by 0.90 points or 1.46% from its previous closing of Rs. 61.80 on the BSE.
The scrip opened at Rs. 61.90 and has touched a high and low of Rs. 61.90 and Rs. 60.15 respectively. So far 7512 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.95 on 18-Jan-2022 and a 52 week low of Rs. 46.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 62.40 and Rs. 57.10 respectively. The current market cap of the company is Rs. 428.43 crore.
The promoters holding in the company stood at 72.50%, while Institutions and Non-Institutions held 0.45% and 27.03% respectively.
Saurashtra Cement (SCL) has temporarily shut down production at Gotan Plant (Paint Division) for the purpose of conducting technical/ operational due diligence, carrying out repairs and replacement of the old machinery. The production at the said factory shall be discontinued till the time the necessary repair /replacement of the old machineries is not completed. Meanwhile, the market demand is being catered by the other units of the paints division.
Saurashtra Cement (SCL) is the flagship company of the Mehta Group, formed in 1956. SCL is one of the leading players in the Indian cement industry, manufacturing Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC).
