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NCL Industries shines on reporting 9% rise in cement production during Q2FY24
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NCL Industries is currently trading at Rs. 223.60, up by 5.90 points or 2.71% from its previous closing of Rs. 217.70 on the BSE.
The scrip opened at Rs. 224.00 and has touched a high and low of Rs. 227.90 and Rs. 222.65 respectively. So far 31199 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.25 on 04-Sep-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. 236.00 and Rs. 212.00 respectively. The current market cap of the company is Rs. 1009.60 crore.
The promoters holding in the company stood at 44.48%, while Institutions and Non-Institutions held 4.28% and 51.25% respectively.
NCL Industries has reported 9% rise in cement production to 659,300 Metric Tonnes (MT) in Q2FY24 as compared to 603,520 MT in Q2FY23. The company has dispatched 669,587 MT cement in Q2FY24 as compared to 604,786 MT in Q2FY23, i.e. up by 11%. Its Cement Boards production and Cement Boards dispatches stood at 21,509 MT and 20,239 MT respectively in Q2FY24.
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.
