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Sagar Cements gains on logging growth in production and sales in July

Sagar Cements is currently trading at Rs. 604.95, up by 22.95 points or 3.94% from its previous closing of Rs. 582.00 on the BSE.

The scrip opened at Rs. 599.55 and has touched a high and low of Rs. 605.00 and Rs. 598.95 respectively. So far 42 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 799.95 on 09-Aug-2018 and a 52 week low of Rs. 529.00 on 21-Feb-2019.

Last one week high and low of the scrip stood at Rs. 605.00 and Rs. 555.00 respectively. The current market cap of the company is Rs. 1327.87 crore.

The promoters holding in the company stood at 50.06%, while Institutions and Non-Institutions held 17.27% and 32.67% respectively.

Sagar Cements has reported the cement production figures for July 2019. The company’s Standalone cement production/purchase for July 2019 stood at 200,808 million tonnes (MT), up by 21.24% compared to 165,629 MT produced in July 2018. The company’s consolidated cement production for July 2019 stood at 281,597 MT, up by 22.33% compared to 230,193 MT produced in July 2019.

Further, the company’s Standalone cement sales for July 2019 stood at 194,943 million tonnes (MT) up by 23.66% compared to 157,642 MT sold in July 2018. The company’s consolidated cement sales for July 2019 stood at 274,822 MT, up by 25.06% compared to 219,748 MT sold in July 2019.

Sagar Cements is a prominent player in the field of cement in Andhra Pradesh for over 3 decades adopting progressive manufacturing practices, whether it relates to maintaining high standards of quality of its products or development of its highly valued human resources or the need to keep the pollution to the barest minimum.

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