Star Cement shines as its arm emerges as preferred bidder for Boro Hundong Limestone block
Star Cement is currently trading at Rs. 212.65, up by 8.90 points or 4.37% from its previous closing of Rs. 203.75 on the BSE.
The scrip opened at Rs. 209.80 and has touched a high and low of Rs. 213.00 and Rs. 207.10 respectively. So far 18825 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. 171.55 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 213.00 and Rs. 203.20 respectively. The current market cap of the company is Rs. 8465.56 crore.
The promoters holding in the company stood at 57.69%, while Institutions and Non-Institutions held 6.15% and 36.17% respectively.
Star Cement’s subsidiary -- M/s Star Cement Meghalaya has been declared as the ‘Preferred Bidder’ for composite license of Boro Hundong Limestone Block in e-auctions conducted by the Government of Assam. The aforesaid block is situated in District: Dima Hasao (Formerly North Cachar Hills), Assam over an area of 400 hectares with estimated limestone resource of 146.75 million tonnes.
Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement.
