Sagar Cements is currently trading at Rs. 428.00, up by 24.50 points or 6.07% from its previous closing of Rs. 403.50 on the BSE.
The scrip opened at Rs. 434.80 and has touched a high and low of Rs. 450.00 and Rs. 424.00 respectively. So far 7,195 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 498.00 on 30-Jul-2015 and a 52 week low of Rs. 275.00 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 450.00 and Rs. 400.00 respectively. The current market cap of the company is Rs. 744.00 crore.
The promoters holding in the company stood at 56.93% while Institutions and Non-Institutions held 8.61% and 34.46% respectively.
Sagar Cements’ wholly-owned subsidiary company - BMM Cements has been granted a mining lease from Government of Andhra Pradesh for limestone over an extent of 1,123.32 acres of land nearer to its plant located at Gudipadu Village, in Ananthapur District, Andhra Pradesh for a period of 20 years. This would enable the company to source its limestone requirements there from after execution of a formal lease deed with the appropriate authorities in due course.
Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.
