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Saurashtra Cement zooms on completing acquisition of Paint business of ‘Snowcem Paints’
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Saurashtra Cement is currently trading at Rs. 68.25, up by 5.55 points or 8.85% from its previous closing of Rs. 62.70 on the BSE.
The scrip opened at Rs. 63.80 and has touched a high and low of Rs. 69.50 and Rs. 63.00 respectively. So far 136194 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.50 on 03-May-2021 and a 52 week low of Rs. 27.00 on 04-May-2020.
Last one week high and low of the scrip stood at Rs. 69.50 and Rs. 60.00 respectively. The current market cap of the company is Rs. 481.05 crore.
The promoters holding in the company stood at 73.16%, while Institutions and Non-Institutions held 0.89% and 25.95% respectively.
Saurashtra Cement has completed the acquisition of the Paint business of ‘Snowcem Paints’. The operations has commenced under ‘Saurashtra Cement - Paint Division’ with effect from May 01, 2021.
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).
