Sagar Cements falls despite logging 3.79% growth in consolidated cement production in April

07 May 2019

Sagar Cements is currently trading at Rs. 626.80, down by 8.20 points or 1.29% from its previous closing of Rs. 635.00 on the BSE.

The scrip opened at Rs. 616.00 and has touched a high and low of Rs. 626.80 and Rs. 616.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1074.10 on 08-May-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. 635.00 and Rs. 616.00 respectively. The current market cap of the company is Rs. 1278.67 crore.

The promoters holding in the company stood at 50.06%, while Institutions and Non-Institutions held 17.51% and 32.43% respectively.

Sagar Cements has reported the cement production figures for April 2019. The company’s consolidated cement production/purchase for April 2019 stood at 271,592 million tonnes (MT), up by 3.79% compared to 261,685 MT produced in April 2018.

Further, the standalone cement production for April 2019 stood at 205,625 MT, up by 9.66% compared to 187,505 MT sold in April 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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