India Cements share price zooms over 6 per cent intraday on the NSE counter. On 20th Nov, the company reported a 62.10 per cent hike in standalone net profit at Rs.62.41 cr for the second quarter (Q2) ended September, aided by lower finance cost and tax expenditures. The Chennai based cement maker had clocked a net profit of Rs.38.5 cr in the July-September quarter (Q2) of last fiscal.
The company’s total income from operations increased to Rs.1,314.44 cr during the quarter under review, up 6.94 per cent from Rs.1,229.1 cr a year earlier, India Cements stated in a BSE filing. However, the cement sector seems to be adversely affected by the recent demonitisation.
During the current quarter, the company's finance cost came down by 11.08 per cent to Rs.87.56 cr while its tax expenses fell by 19.39 per cent to Rs.29.25 cr.
Meanwhile, India Cements share price was trading at Rs.113.05, up 6.10 per cent on the NSE. The stock opened at Rs.109.65 from a previous closing of Rs.106.55. So far, the traded volume stands at 72,29,592 shares on the NSE counter with a traded value of Rs. 8,032.80 lac. The lower & upper price bands of the stock read at Rs.95.90 & Rs.117.20.
Out of the 1700 Shares listed on the NSE, India Cements is one of the top 500 Stocks, identified by Dynamic Levels Researchers and stock analysts. The stock can be a good investment opportunity which can give you good returns. The scrip is a well analysed stock, based on Dynamic Levels’ technical and fundamental research.
To seek other information on the resistance and support levels of the scrip and also to know more about financials and fundamentals of the stock, please pay a visit to India Cements share price history.
The P/E Ratios of India Cements are as follows:
Consolidated FY 15-16 PE Ratio
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24.36
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Standalone FY 15-16 PE Ratio
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23.75
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Standalone Trailing PE Ratio
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20.05
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