Ritika
A stock included in the portfolio of veteran investor Radhakishan Damani is seeing good growth. It is a share of India Cements. Shares of India Cements on Tuesday hit a multi-year high. Shares of India Cements on Tuesday rose 3% to Rs 298.45 during the day’s trading. The shares of the cement company have reached the level of Rs 300 after about 15 years. India Cements shares closed at Rs 283.90 at the end of trading.
Radhakishan Damani holds 6.43 crore shares of the company
Shares of India Cements reached Rs 300 level in December 2007 and have made their life-time high of Rs 333. According to data as of June 30, 2022, veteran investor Radhakishan Damani & Associates holds 6,43,98,190 shares or 20.8% in India Cements. The value of this stake is around Rs 1870 crore. The 52-week low of India Cements shares is Rs 145.55.
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Shares gave almost 100% return in 3 months
India Cements shares have given nearly 100% returns to investors in the last 3 months. The company’s shares were at a level of Rs 145.55 on the Bombay Stock Exchange (BSE) on 20 June 2022. India Cements shares closed at Rs 283.90 on BSE on 20 September 2022. Shares of the cement company have given investors over 330% returns in the last three years. India Cements shares have given returns of close to 41% in the last one month.
