Keerthi Industries is currently trading at its upper circuit limit of Rs. 159.35, up by 7.55 points or 4.97% from its previous closing of Rs. 151.80 on the BSE.
The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 159.35 and Rs. 158.00 respectively. So far 1093 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.70 on 12-May-2016 and a 52 week low of Rs. 103.00 on 29-Dec-2016.
Last one week high and low of the scrip stood at Rs. 162.30 and Rs. 136.00 respectively. The current market cap of the company is Rs. 127.75 crore.
The promoters holding in the company stood at 74.92%, while institutions and non-institutions held 1.73% and 23.35% respectively.
Keerthi Industries has commenced operation of 2.24 MV Waste Heat Recovery Project on and effective from December 15, 2016, to generate electrical energy from the waste heat and the flue gases evolved during the cement manufacturing process.
The project was completed at a cost of Rs 25.82 crore (Imported machinery Rs 12.49 crore and Indigenous Machinery & Erection Rs 13.33 crore). The process of waste heat generation is environmental friendly that will bring down the flue gases, reducing the dust level, temperatures etc.
Keerthi Industries is engaged in the manufacturing of cement. The company’s segments include Cement Division, Wind Mill and Electronics Division.