India Cement, the largest cement producer in South India, witnessed a rise in share price on Thursday after it reported swung to a profit for the quarter ended June 2015. During the quarter, the company reported a profit of Rs 401.00 million compared with a loss of Rs 29.60 million in the same quarter previous year.
Revenues for the quarter declined 12.91% to Rs 10,754.50 million, compared with Rs 12,348.20 million for the prior year period.
Shares of India Cements are trading at Rs 85, up Rs 1.65, or 1.98% at the Bombay Stock Exchange (BSE) on Thursday at 9:31 a.m.
Total volume of shares traded on the bourses today was lower by 83.87% to 246,174 compared with 22-day average volume of 1,525,981.