Kakatiya Cement Share Price climbs 6% Intraday
Kakatiya Cement share price witnessed a major surge of more than 6 per cent in today’s trading session.In today’s trading session Kakatiya Cement share price saw an intraday high and an intraday low of Rs 254.40 and Rs 234.65 respectively.
Kakatiya Cement Sugar & Industries Limited (KCSIL) formerly known as Kakatiya Cements Limited (KCL) was incorporated in the year 1979 with the aim to manufacture Ordinary Portland Cement. The firm was promoted by Shri P. Venkateswarlu, a reputed Civil Contractor with equity support from APIDC.
The installed capacity of the Cement Division of Kakatiya Cement was increased over the period from the initial 66,000 tpa to 1,98,000 tpa to 2,97,000 tpa at present time, whereas that of the Sugar Division has been increased from 2500 tcd to 3200 tcd at the present time.
Kakatiya Cement is one of the top 500 Shares identified by Dynamic research team at the end of every quarter out of 1700 Shares of NSE. Kakatiya Cement has strong fundamentals. By strong Fundamentals we mean Kakatiya Cement has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent. These top 500 Shares are safe for investment.
At the moment Kakatiya Cement share price is trading at Rs 247.70, up by 4.78 per cent or 11.30 points. A total of 72,000 shares of the company have been traded on NSE so far a total amount of Rs 177.18 lacs.
By reaching an intraday high of Rs 254.40, the share price breached its closest resistance of 249.95. The closest support is at 225.25 with the next strong support level at 222.50. For more information on the historical share price of Kakatiya Cement please visit Kakatiya Cement share price history.