Star Cement shines on incorporating wholly owned subsidiary company

Star Cement is currently trading at Rs. 110.35, up by 3.60 points or 3.37% from its previous closing of Rs. 106.75 on the BSE.

The scrip opened at Rs. 108.40 and has touched a high and low of Rs. 112.95 and Rs. 107.65 respectively. So far 105343 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 112.95 on 21-May-2021 and a 52 week low of Rs. 69.70 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 112.95 and Rs. 98.00 respectively. The current market cap of the company is Rs. 4551.15 crore.

The promoters holding in the company stood at 67.11%, while Institutions and Non-Institutions held 8.00% and 24.89% respectively.

Star Cement has incorporated Star Cement Lumshnong in Meghalaya as a Wholly Owned Subsidiary Company. The company has been incorporated to carry out cement and cement related business in line with business of holding company.

Star Cement is the largest cement manufacturer in north east India. The brand Star Cement has established itself as the most accredited brand of the region on grounds of both quality and fair pricing.

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