Star Cement climbs on incorporating subsidiary in Meghalaya
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Star Cement is currently trading at Rs. 213.60, up by 5.75 points or 2.77% from its previous closing of Rs. 207.85 on the BSE.
The scrip opened at Rs. 207.60 and has touched a high and low of Rs. 213.95 and Rs. 207.00 respectively. So far 37296 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 255.95 on 22-May-2024 and a 52 week low of Rs. 147.20 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 217.80 and Rs. 205.05 respectively. The current market cap of the company is Rs. 8633.29 crore.
The promoters holding in the company stood at 66.49%, while Institutions and Non-Institutions held 6.63% and 26.88% respectively.
Star Cement has incorporated M/s Kopili Cement (I) (KCIPL) in the State of Meghalaya as a wholly owned subsidiary of the company. The subsidiary has been incorporated to carry out cement and cement related business. The subsidiary has been incorporated as per approval received from the Ministry of Corporate Affairs (MCA) on September 17, 2024.
Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement.
