{"id":127435,"date":"2024-06-28T13:43:37","date_gmt":"2024-06-28T08:13:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=127435"},"modified":"2024-06-28T14:13:33","modified_gmt":"2024-06-28T08:43:33","slug":"cement-stock-jumps-5-after-societe-generale-bought-44-03-lakh-equity-shares-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-jumps-5-after-societe-generale-bought-44-03-lakh-equity-shares-in-the-company\/","title":{"rendered":"Cement stock jumps 5% after Societe Generale bought 44.03 Lakh equity shares in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-767521139\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share price of this small-cap cement firm gained by 5 percent to an Intraday high of Rs 308.1 per share on Friday after a Foreign Institutional Investor (FII) bought a stake in the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3822837427\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 9,193.10 crores, the shares of India Cements Ltd went up by 5 percent, trading at Rs 296.65&nbsp; apiece on Friday\u2019s afternoon session. Also, today\u2019s high price of the stock is Rs 308.1 apiece and the previous closing price of the stock is Rs 293 apiece.<\/p><p><strong>What happened: <\/strong>According to the NSE bulk deal data of 27th June 2024, The FII Societe Generale has bought 44,03,226 units of equity shares in India Cements Ltd at a price of Rs 288.51 per share. Domestic Institutional Investor Authum Investment &amp; Infrastructure Limited also bought 26,20,000 units of equity shares at a price of Rs 286.90 apiece in India cements.<\/p><p><strong>Financials<\/strong>: Reviewing the financials of India Cements Ltd on a year-on-year basis, the revenues declined by 8.8 percent from Rs 5,608 crores in FY23 to Rs 5,112 crores in FY24. In the same time frame, the net losses widened from Rs 125 cores to Rs 227 crores.<\/p><div class=\"trade-content_5\" id=\"trade-2286845109\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Share price movement<\/strong>: The shares of this company generated an overall return of 38.28 percent over the past&nbsp; year and 15.08&nbsp; percent over the past 6 months.&nbsp;<\/p><p><strong>Shareholding pattern<\/strong>: As of March 2024, the firm\u2019s shareholding pattern stood at 28.42&nbsp; percent for promoters, 49.83 percent for the public, 13.27 percent for the foreign institutional investors, and 8.47 percent for the domestic institutional investors.&nbsp;<\/p><p>India Cements ltd has a total of 8 operating units which are spread across regions like&nbsp; Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan. It is capable of producing 15.55 million tonnes of cement per year. Additionally, they have 2 cement grinding plants, which are located in Tamil Nadu and Maharashtra.<\/p><p><strong>About the company<\/strong>: India Cements Ltd is a leading cement manufacturing company headquartered in Chennai. It was incorporated in the year 1946. Apart from Manufacturing cement India Cements Ltd is also in the business of shipping, captive power, and coal mining.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Zahal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-205183188\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share price of this small-cap cement firm gained by 5 percent to an Intraday high of Rs 308.1 per share on Friday after a Foreign Institutional Investor (FII) bought a stake in the company. With a market capitalization of Rs 9,193.10 crores, the shares of India Cements Ltd went up by 5 percent, trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[20029,16378,16377,948,936,2597],"class_list":["post-127435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-india-cements","tag-india-cements-latest-news","tag-india-cements-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cement stock jumps 5% after Societe Generale bought 44.03 Lakh equity shares in the company - 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