NCL Industries rises 9%

NCL Industries rose almost 9% to Rs.131.90, with some 7300 shares changing hands. Its 52-week high and low stands at Rs.310 and Rs.120.40 respectively.

The stock price has surged on the back of its strong dispatch and production updates for Q2FY19 and H1FY19.

For the Q2, cement production showed a 32% (YoY) rise to 488,046 mt and cement dispatches rose 31% at 488,437 mt. Its biggest improvement is in the RMC production and sales, going up 50% at 45,836 CuM. Its Energy division, making hydro power reported a 280% jump at 14.23MU.

Its cement boards production rose 19% at 16,458 mt  while dispatches rose 7% at 16,728 mt.