Sagar Cements surges on reporting 22% growth in cement production in February

06 Mar 2019

Sagar Cements is currently trading at Rs. 660.00, up by 10.10 points or 1.55% from its previous closing of Rs. 649.90 on the BSE.

The scrip opened at Rs. 654.00 and has touched a high and low of Rs. 665.00 and Rs. 647.00 respectively. So far 423 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1115.00 on 30-Apr-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. 649.95 and Rs. 553.00 respectively. The current market cap of the company is Rs. 1346.40 crore.

The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 17.59% and 32.36% respectively.

Sagar Cements has reported the cement production and sales figures for February 2019. The company’s consolidated cement production/purchase for February 2019 stood at 298,540 million tonnes (MT), up by 21.50% compared to 245,715 MT produced in February 2018.

Further, the consolidated cement sales for February 2019 stood at 287,512 MT, up by 16.20% compared to 247,426 MT sold in February 2018.

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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