Shree Cements share price gained 4 percent intraday on November 20 after the company announced floor price for its qualified institutional placement (QIP).
The company is raising funds in one or more tranches, by issuance of equity shares by way of QIPs for an amount not exceeding Rs 3,000 crore.
The company approved a floor price of Rs 19,806.5 per share for QIP.
The promoters of the company hold 64.79 percent stake in it, as per BSE shareholding for the quarter ended September 2019.
The shares touched a 52-week high at Rs 22,200 and 52-week low at Rs 13,125 on July 1, 2019 and 31 October, 2018, respectively.
Currently, it is trading 8.56 percent below its 52-week high and 54.67 percent above its 52-week low.
The share price rose 32 percent in the last 9 months.At 13:53 pm, shares of Shree Cements were quoting at Rs 20,300, up Rs 277.65 or 1.39 percent on the BSE.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.