India Cement gets 'Damani'zed

India Cement is among the top five gainers on the BSE. Volumes are robust at over 2.5 times, with the stock opening in the green at Rs.82.50 from its close of yesterday at Rs.80.55. It hit an intraday high at Rs.87.20. Its 52-week high is at Rs.116.90.

The stock price has surged today after ace investor, Radhakishan Damani increased his stake in the company by 3.43% during the Q3FY20 quarter.

At the end of Q2, Damani’s stake was at 1.3%.

Thus his stake in the company now stands at 4.73%.