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Equity | News | Hot Pursuit
Hot Pursuit
Star Cement spurts after receiving freight subsidy claims
(09:21, 14 Mar 2019)
The announcement was made after market hours yesterday, 13 March 2019.

Meanwhile, the S&P BSE Sensex was up 146.67 points, or 0.39% to 37,898.84.

On the BSE, 5437 shares were traded in the counter so far compared with average daily volumes of 3662 shares in the past two weeks. The stock had hit a high of Rs 109.90 and a low of Rs 105 so far during the day. The stock hit a 52-week high of Rs 137.25 on 25 May 2018. The stock hit a 52-week low of Rs 85 on 29 October 2018.

Star Cement has received Rs 115.18 crore towards its freight subsidy claims from the Central Government and a further amount of Rs 42.55 crore is expected to be received within a week's time.

On a consolidated basis, net profit of Star Cement declined 8.43% to Rs 83.69 crore on 10.33% rise in net sales to Rs 416.43 crore in Q3 December 2018 over Q3 December 2017.

Star Cement is the largest cement manufacturer in north east India.

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