Heidelberg Cement at new high
By
Ruma Dubey
about 4 years ago
Heidelberg Cement opened 3% higher at Rs.260 and went on to hit a new high at Rs.284.55, with volumes up over 3.5 times.
The stock has reacted positively to its Q4FY21 earnings, wherein its net profit more than doubled up from Rs.66 crore to Rs.140 crore (YoY) on the back of higher cement volumes and better realisations.
Its total revenue was up 18% at Rs.600 crore and sales volumes showed a 15% increase at 1252 KT during the quarter.