Sunday , 26 March 2017
Home » Stocks » Stock News » Rakesh Jhunjhunwala invests Rs 9 crores in Orient Cement

Rakesh Jhunjhunwala invests Rs 9 crores in Orient Cement

9,815 views

orient_cement-logo

15-May-2014

Rakesh Jhunjhunwala today picked up 17.1 lakh shares of Orient Cement for about Rs 9 crore through an open market transaction.

According to the bulk deal data, Jhunjhunwala bought 17,10,000 shares of Orient Cement at an average price of Rs 53.1 per share, valuing the transaction at Rs 9.08 crore.

 Orient Cement was an initiative of C K Birla Group. The firm later de-merged and became an independent public limited company.

The firm began cement production in 1982 and presently its total capacity stands at 5 MTPA (metric tons per annum).

As part of its growth plan to reach 15 MTPA by year 2020, Orient Cement is geared up for its latest Greenfield project with a proposed capacity of 3 MTPA at Chittapur, in Gulbarga district, Karnataka.

Shares of Orient Cement today surged 7.88 % to end at Rs 56.80 per share.

52 week High – Rs 60  / 52 week Low – Rs 30

The current market capitalisation stands at Rs 1,163.65 crore.The company has reported a standalone sales of Rs 396.00 crore and a Net Profit of Rs 26.34 crore for the quarter ended Mar 2014.

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

http://wealth18.com/

About wealth18

The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

5 comments

  1. Very excelent move. Orient will appreciate to 110 like how JK Lakshmi Cement appreciated.
    Orient has excellent OPM and NPM

  2. dear sir wanted an email id of shri vivek jain

Leave a Reply

Your email address will not be published. Required fields are marked *

*

6000 + Subscribers – Subscribe to our New Posts

Copy Protected by Chetan's WP-Copyprotect.