Kesoram Industries is currently trading at Rs. 70.00, up by 3.50 points or 5.26% from its previous closing of Rs. 66.50 on the BSE.
The scrip opened at Rs. 67.30 and has touched a high and low of Rs. 71.50 and Rs. 67.00 respectively. So far 101581 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.93 on 24-Dec-2012 and a 52 week low of Rs. 50.25 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 71.50 and Rs. 61.80 respectively. The current market cap of the company is Rs. 766.19 crore.
The promoters holding in the company stood at 49.28% while Institutions and Non-Institutions held 9.32% and 34.98% respectively.
In a bid to pare its debt, Kesoram Industries is planning to reduce its working capital requirement by around Rs 300 crore this fiscal. The company is also planning to sell some of its unproductive assets. Moreover, the diversified company plans to improve the debt-equity ratio from nearly 4.5:1 now to a more manageable 3:1 over the next couple of years.
As of now, the company’s total debt stood at Rs 4,700 crore and of the total debt around Rs 1,300 crore is working capital borrowing.
Kesoram Industries (KIL) is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.
The scrip opened at Rs. 67.30 and has touched a high and low of Rs. 71.50 and Rs. 67.00 respectively. So far 101581 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.93 on 24-Dec-2012 and a 52 week low of Rs. 50.25 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 71.50 and Rs. 61.80 respectively. The current market cap of the company is Rs. 766.19 crore.
The promoters holding in the company stood at 49.28% while Institutions and Non-Institutions held 9.32% and 34.98% respectively.
In a bid to pare its debt, Kesoram Industries is planning to reduce its working capital requirement by around Rs 300 crore this fiscal. The company is also planning to sell some of its unproductive assets. Moreover, the diversified company plans to improve the debt-equity ratio from nearly 4.5:1 now to a more manageable 3:1 over the next couple of years.
As of now, the company’s total debt stood at Rs 4,700 crore and of the total debt around Rs 1,300 crore is working capital borrowing.
Kesoram Industries (KIL) is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.
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