Dalmia Cement shares slip 7 percent

Bangalore: After the announcement by Dalmia Cement to raise Rs.1,200 crore crore by equity sale, the company couldn't perform well on BSE, and ended the trading among top losers of the day. Today, the company started trading at positive note, but could not maintain its momentum throughout the day, and closed the day at Rs.203.45, down 6.95 percent (Rs.15.20). During the day, the stock touched a high of Rs.223.70 and low of Rs.201.40. Overall, 142,651 shares were traded throughout the day with current P/E ratio at 9.13. 

Dalmia Cement (Bharat) is an India-based company. The company is a diversified, multi-location, multi-commodity manufacturing company. The company operates through four business segments: Cement, Sugar, Power and others. Cement is the single largest contributor in the company's diversified business and accounted for 74 percent of the total net sales of the company during the fiscal ended March 31, 2009 (fiscal 2009). During fiscal 2009, the company's cement division produced 3,384,000 metric tons of cement; the Sugar Division produced 108,000 metric tons of sugar; the Magnesite Division produced 28,000 metric tons of refractory products; the Refractories Division's production was 42,000 metric tons; the Electronics Division produced 2.9 million units of chip capacitors and 0.01 million units of chip resistors; the Wind Farm produced 26 million units of power, and the co-generation unit produced 195 million units of power. It also operates the Govan Travels.

Other cement companies also ended the trading in negative zone with OCL India, Madras Cement, Deccan Cements and NCL Industries slipping 4.76, 1.46, 0.06 and 0.94 percent respectively.