DCM Shriram Consolidated is currently trading at Rs. 42.30, up by 0.25 points or 0.59% from its previous closing of Rs. 42.05 on the BSE.
The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.50 and Rs. 42.00 respectively.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.00 on 27-Jul-2011 and a 52 week low of Rs. 39.00 on 29-Mar-2011.
Last one week high and low of the scrip stood at Rs. 43.00 and Rs. 40.25 respectively. The current market cap of the company is Rs. 697.62 crore.
The promoters holding in the company stood at 58.28% while Institutions and Non-Institutions held 14.20% and 27.52% respectively.
DCM Shriram Consolidated (DSCL), one of the large domestic sugar producers, on the back of higher cane crushing as well as better recovery, is eyeing 44% hike in its sugar output for current 2011-12 season (October-September), which is estimated to be at 3.9 lakh tonnes. DSCL, which is a diversified industrial group with interests in fertilisers, bio-seed and chlorovinyl business, derived approximately 14% of its revenue from sugar business in fiscal 2011.
The company is planning to crush about 40 lakh tonnes of cane, over last year's 29.7 lakh tonnes, while the company is targeting a higher recovery of 9.8% for the current season with favourable weather conditions aiding the crop. The higher cane crushing is on account of better yields due to the change in varietal mix on the field and also an increase in the company's cane area, which has gone up by about 10% this year.
For the September quarter, DSCL posted a loss of Rs 38.4 crore on revenue of Rs 1071.3 crore as against a loss of Rs 29 crore on revenue of Rs 1052.8 crore in corresponding last year.
DCM Shriram Consolidated is engaged into production of sugar, agri inputs, urea and hybrid seeds. Its sugar plant has installed capacity of 33,000 tonnes crushed daily and a 94.5 MW capacity captive power plant.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2493.85 |
| DCM Shriram | 1065.45 |
| Birla Corporation | 1264.35 |
| Surya Roshni | 547.90 |
| 3M India | 30745.80 |
| View more.. | |
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