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Sagar Cements soars on plan of raising funds for expansion

14 Oct 2016 Evaluate

Sagar Cements is currently trading at Rs. 809.20, up by 16.50 points or 2.08% from its previous closing of Rs. 792.70 on the BSE.

The scrip opened at Rs. 803.65 and has touched a high and low of Rs. 835.00 and Rs. 800.00 respectively. So far 4062 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 835.00 on 14-Oct-2016 and a 52 week low of Rs. 350.00 on 18-Feb-2016.

Last one week high and low of the scrip stood at Rs. 835.00 and Rs. 733.00 respectively. The current market cap of the company is Rs. 1416.69 crore.

The promoters holding in the company stood at 56.93%, while institutions and non-institutions held 7.79% and 35.28% respectively.

Sagar Cements, one of the leading cement manufacturers in India, is planning to raise funds to finance expansion of its grinding unit in Vizag (Andhra Pradesh) as well as to set up a coal based power plant at its unit in Nalgonda (Telangana). Meeting of board of directors of the company will be held on October 19, 2016 to consider the said proposals.

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.

 

Sagar Cements Share Price

185.05 2.95 (1.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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