India Cements share slips 5% despite strong Q4 earnings : vi

India Cements share slips 5% despite strong Q4 earnings


India Cements share slips 5% despite strong Q4 earnings
The stock touched a 52-week high of Rs 210.90 on May 24, 2021, and a 52-week low of Rs 107.45 on September 09, 2020. Currently, it is trading 73.5 per cent above its 52-week low and 11.6 per cent below its 52-week high
BusinessToday.In | May 25, 2021 | Updated 15:49 IST
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Share of India Cements declined 5 per cent to hit an intraday low of Rs 186.50 despite strong Q4 earnings. The company reported a net profit of Rs 50 crore in Q4 against a loss of Rs 10.4 crore in the year-ago period.
The share opened 1.65 per cent higher at Rs 199.70 against the previous close of Rs 196.45. At 14:53 hours, the stock was trading at 186.55, down 4.89 per cent on BSE.

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