Mangalam Cement Shares Soar 10% in December: What's Driving the Surge?

Mangalam Cement shares have been on a roll in December, rising 10% so far this month. This surge has outpaced the benchmark index Sensex, which has dropped 1%, and the BSE Smallcap index, which has fallen over 2%.

Recent Share Price Movement

In the previous session on Friday, December 19, Mangalam Cement's share price ended 3% higher at ₹777.65. In contrast, the Sensex closed with a gain of 0.53% at 84,929.36, and the BSE Smallcap index ended 1.25% higher at 50,800.77.

Changes in Shareholding

Recently, there have been changes in shareholding within the company's promoter group. Avayaan Vikram Jalan acquired additional shares of the company through an inter-se transfer among promoters, increasing his total shareholding from 21,000 shares to 26,509 shares. Similarly, Vaishnavi Jalan acquired 5,508 shares, increasing her total shareholding from 50,000 shares to 55,508 shares.

Company's Financial Performance

Mangalam Cement's revenue in Q2FY26 stood at ₹39.45 crore, up nearly 10% from ₹35.91 crore in the same quarter of the previous financial year. Net profit surged by more than six times to ₹2 crore from ₹0.33 crore in Q2FY25. The company maintains a healthy balance sheet and remains cash-rich, with investments and bank balances estimated in the range of ₹300–400 crore.

Disclaimer

Remember, this is a perspective, not a prediction. It's essential to do your own research and consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.