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Crompton Greaves Consumer Electrical Ltd clocked volume of 401.43 lakh shares by 10:48 IST on BSE, a 460.57 times surge over two-week average daily volume of 87159 shares
The Ramco Cements Ltd, Britannia Industries Ltd, AAVAS Financiers Ltd, Torrent Pharmaceuticals Ltd are among the other stocks to see a surge in volumes on BSE today, 09 February 2021.
Crompton Greaves Consumer Electrical Ltd clocked volume of 401.43 lakh shares by 10:48 IST on BSE, a 460.57 times surge over two-week average daily volume of 87159 shares. The stock lost 0.38% to Rs.406.95. Volumes stood at 1.09 lakh shares in the last session.
The Ramco Cements Ltd registered volume of 1.97 lakh shares by 10:48 IST on BSE, a 3.27 fold spurt over two-week average daily volume of 60280 shares. The stock slipped 0.04% to Rs.930.00. Volumes stood at 92920 shares in the last session.
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The Ramco Cements Ltd.’s third quarter standalone net profit more than doubled to ₹201 crore due to cost-control measures and premiumisation of products.
Revenue from operations grew by 4% to ₹1,324 crore, the company said in a filing. Cement sales dipped by 8% to 2.61 MT due to extended monsoon in southern markets, and registered good growth in eastern markets. Cement prices were constantly under pressure across all its markets during the current quarter, the company officials said. We are confident of increasing the capacity to 20MTPA by the first quarter of FY22. We intend to maintain this level of performance in the coming quarters as well. The cost of finance has also been brought down significantly, they added.
Read more about Volumes soar at Max Financial Services Ltd counter on Business Standard. Max Financial Services Ltd recorded volume of 1.73 lakh shares by 10:48 IST on BSE, a 3.51 times surge over two-week average daily volume of 49210 shares
ICRA assigns rating to The Ramco Cements Ltd s Commercial Paper
Posted On: 2020-12-16 01:34:48 (Time Zone: Arizona, USA)
The Rating Committee of ICRA, after due consideration, has assigned [ICRA]AA+ (pronounced ICRA double A plus) rating to the Rs. 300.00 crore Non-Convertible Debenture (NCD) programme of The Ramco Cements Limited. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. The modifier + (plus) appended to the rating symbol, indicates its relative position within the rating category. The outlook on the long-term rating is Stable.
Shares of The Ramco Cements Limited was last trading in BSE at Rs.848 as compared to the previous close of Rs. 836.55. The total number of shares traded during the day was 9808 in over 469 trades.