Sagar Cements is currently trading at Rs. 718.00, up by 3.25 points or 0.45% from its previous closing of Rs. 714.75 on the BSE.
The scrip opened at Rs. 708.00 and has touched a high and low of Rs. 720.00 and Rs. 708.00 respectively. So far 1427 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. 764.00 and Rs. 705.10 respectively. The current market cap of the company is Rs. 1251.85 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 has successfully completed the acquisition of the entire assets in the grinding unit of 1,81,500 tons per annum capacity in Bayyavaram, Yizag District, Andhra Pradesh, owned by Toshali Cements, Hyderabad, at a cost of around Rs 60 crore (including transaction cost).
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.
