Comments
Shares of Mangalam Cement Ltd rose as much as 13.7 per cent to Rs 253, their biggest daily percentage gains since January 16, 2018.
The cement manufacturer posted June-quarter profit of Rs 33.22 crore ($4.70 million) versus a loss of Rs 15.32 crore. Revenue rose 31 per cent to Rs 333 crore.
Stock est PE of 22.54 is well above the sector average of 19.37.
Up to last close, the stock is down 0.3 per cent this year, while peer Sagar Cements is 17 per cent lower ($1 = 70.7250 rupees)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.