ITD Cementation India Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Home First Finance Company India Ltd, Nava Ltd, Mahindra Logistics Ltd and AAVAS Financiers Ltd are among the other losers in the BSE's 'A' group today, 04 July 2024.

ITD Cementation India Ltd crashed 14.87% to Rs 488.5 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.08 lakh shares were traded on the counter so far as against the average daily volumes of 1.23 lakh shares in the past one month.

Home First Finance Company India Ltd lost 4.13% to Rs 1078.9. The stock was the second biggest loser in 'A' group.On the BSE, 15684 shares were traded on the counter so far as against the average daily volumes of 24497 shares in the past one month.

Nava Ltd tumbled 3.61% to Rs 726.15. The stock was the third biggest loser in 'A' group.On the BSE, 13163 shares were traded on the counter so far as against the average daily volumes of 39275 shares in the past one month.

Mahindra Logistics Ltd slipped 3.31% to Rs 520.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 33413 shares were traded on the counter so far as against the average daily volumes of 28265 shares in the past one month.

AAVAS Financiers Ltd pared 3.08% to Rs 1800.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 16785 shares were traded on the counter so far as against the average daily volumes of 25278 shares in the past one month.

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Italian Thai Development Public Company is exploring a possible sale of its stake in the company. It holds a 46.64% stake in ITD Cementation (as of March 2024).

The process is in its preliminary stages and no final decision has been made.

ITD Cementation India is one of the leading engineering and construction companies undertaking heavy civil, infrastructure and EPC business and operating in India for nine decades.

The firm's consolidated net profit surged 136.9% to Rs 89.51crore on 38.4% jump in net sales to Rs 2,257.72 crore in Q4 FY24 over Q4 FY23.

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ITD Cementation India has secured a marine contract for constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in the state of Gujarat worth approximately Rs 1,082 crore including taxes and duties.

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The contract includes constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in Gujarat.

On the NSE, the counter jumped 9.88% in three trading sessions from its recent closing low of Rs 474.95 on 21 June 2024.

The stock hit 52-week high of Rs 530 today. The counter has soared 230.11% from its 52-week low of Rs 160.55 hit on 03 July 2023.

The scrip outperformed the market in past one quarter, jumping 39.96% as against Nifty’s 6.37% rise.

The counter had outperformed the market in past one year, rising 219.20% as against Nifty’s 27.59% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 70.24. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 488.46, 470.17 and 435.67, respectively. These levels will act as crucial support zones in near term.

ITD Cementation India is one of the leading engineering and construction companies undertaking heavy civil, infrastructure and EPC business and operating in India for nine decades.

The civil construction firm’s consolidated net profit surged 136.9% to Rs 89.51crore on 38.4% jump in net sales to Rs 2,257.72 crore in Q4 FY24 over Q4 FY23.

The script hit all time high at Rs 530 in today’s intraday session.

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