Meanwhile, the S&P BSE Sensex was down 66.59 points or 0.23% at 28,567.91.

On BSE, so far 18,332 shares were traded in the counter as against average daily volume of 19,711 shares in the past two weeks. The stock hit a high of Rs 350 and a low of Rs 345 so far during the day. The stock had hit a record high of Rs 375.15 on 23 August 2016. The stock had hit a 52-week low of Rs 151.10 on 25 February 2016. The stock had underperformed the market over the past one month till 19 September 2016, falling 5.62% compared with Sensex's 1.99% rise. The scrip had, however, outperformed the market in past one quarter, rising 16.45% as against Sensex's 7.54% rise.

The small-cap company has equity capital of Rs 26.69 crore. Face value per share is Rs 10.

Mangalam Cement said that it has commenced commercial production at the new cement grinding unit with a capacity of 0.75 million ton per annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4 MTPA.

Mangalam Cement reported net profit of Rs 22.59 crore in the quarter ended 30 June 2016 compared with net loss of Rs 18.91 crore in the quarter ended 30 June 2015. Sales rose 6% to Rs 224.13 crore in the quarter ended 30 June 2016 over the quarter ended 30 June 2015.

Mangalam Cement is a cement manufacturing company.