Mangalam Cement grows 5.3% after promoter buys stake in company
Real Estate

Mangalam Cement grows 5.3% after promoter buys stake in company

Mangalam Cement increased 5.3% in early trade on Thursday after the company's promoter Vidula Consultancy Services bought 2.26 lakh equity shares of the firm through open market transactions.

Following the development, Vidula Consultancy’s shareholding in the firm reached 9.92% from 9.1% earlier. The cement player’s counter increased to a high of Rs 399.20 compared to Rs 379.05 at the previous close on the National Stock Exchange (NSE).

The firm registered a net profit of Rs 14.0930 crore for the period ended December 31, 2021, compared to a net profit of Rs 32.7050 crore for the period ended December 31, 2020. Mangalam Cement recorded earnings per share of Rs.5.12 for the period ended December 31, 2021, as against Rs 11.89 for the period ended December 31, 2020. As per the reports, Mangalam Cement recorded total revenue of Rs 1133.8065 crores during the nine months ended December 31, 2021, as against Rs 911.6649 crores during the nine months ended December 31, 2020.

In January 2022, Managalam Cement’s board sanctioned the allotment of 8,03,518 fully paid-up equity shares of Mangalam Cement of the face value of Rs 10 each to eligible shareholders of Mangalam Timber Products in a share exchange ratio of 1:22.

Image Source

Also read: An overview of The 7th Indian Cement Review Conference & Awards 2021

Mangalam Cement increased 5.3% in early trade on Thursday after the company's promoter Vidula Consultancy Services bought 2.26 lakh equity shares of the firm through open market transactions. Following the development, Vidula Consultancy’s shareholding in the firm reached 9.92% from 9.1% earlier. The cement player’s counter increased to a high of Rs 399.20 compared to Rs 379.05 at the previous close on the National Stock Exchange (NSE). The firm registered a net profit of Rs 14.0930 crore for the period ended December 31, 2021, compared to a net profit of Rs 32.7050 crore for the period ended December 31, 2020. Mangalam Cement recorded earnings per share of Rs.5.12 for the period ended December 31, 2021, as against Rs 11.89 for the period ended December 31, 2020. As per the reports, Mangalam Cement recorded total revenue of Rs 1133.8065 crores during the nine months ended December 31, 2021, as against Rs 911.6649 crores during the nine months ended December 31, 2020. In January 2022, Managalam Cement’s board sanctioned the allotment of 8,03,518 fully paid-up equity shares of Mangalam Cement of the face value of Rs 10 each to eligible shareholders of Mangalam Timber Products in a share exchange ratio of 1:22. Image Source Also read: An overview of The 7th Indian Cement Review Conference & Awards 2021

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?