Sagar Cements gains on logging 8.20% growth in consolidated cement production in May

07 Jun 2019

Sagar Cements is currently trading at Rs. 677.15, up by 5.60 points or 0.83% from its previous closing of Rs. 671.55 on the BSE.

The scrip opened at Rs. 695.00 and has touched a high and low of Rs. 695.00 and Rs. 665.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 869.95 on 11-Jun-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. 703.15 and Rs. 660.00 respectively. The current market cap of the company is Rs. 1366.80 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 May 2019. The company’s consolidated cement production/purchase for May 2019 stood at 277,146 million tonnes (MT), up by 8.20% compared to 245,454 MT produced in May 2018.

Further, the standalone cement production for May 2019 stood at 201,241 MT, up by 9.21% compared to 184,278 MT sold in May 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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