Home / BUSINESS / Sagar Cements strengthens on reporting 27.18% growth in cement production in September

Sagar Cements strengthens on reporting 27.18% growth in cement production in September

Sagar Cements is currently trading at Rs. 656.00, up by 5.65 points or 0.87% from its previous closing of Rs. 650.35 on the BSE.

The scrip opened at Rs. 664.00 and has touched a high and low of Rs. 664.00 and Rs. 656.00 respectively. So far 6 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1161.40 on 04-Jan-2018 and a 52 week low of Rs. 602.35 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 700.00 and Rs. 602.35 respectively. The current market cap of the company is Rs. 1326.71 crore.

The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 17.36% and 32.59% respectively.

Sagar Cements has reported the cement production and sales figures for September 2018. The company’s consolidated cement production/purchase for September 2018 stood at 256,507 million tonnes (MT), up by 27.18% compared to 201,690 MT produced in September 2017.

Further, the consolidated cement sales for September 2018 stood at 249,882 MT, up by 21.84% compared to 205,097 MT sold in September 2017.

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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