Sagar Cements slips on logging 3.59% fall in consolidated cement production in February

Sagar Cements is currently trading at Rs. 405.00, down by 20.85 points or 4.90% from its previous closing of Rs. 425.85 on the BSE.

The scrip opened at Rs. 414.30 and has touched a high and low of Rs. 414.30 and Rs. 406.70 respectively.

The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 749.40 on 13-Mar-2019 and a 52 week low of Rs. 404.00 on 04-Mar-2020.

Last one week high and low of the scrip stood at Rs. 473.00 and Rs. 404.00 respectively. The current market cap of the company is Rs. 899.95 crore.

The promoters holding in the company stood at 50.06%, while Institutions and Non-Institutions held 15.91% and 34.02% respectively.

Sagar Cements has reported the cement production figures for February 2020. The company’s Standalone cement production/purchase for February, 2020 stood at 207,860 million tonnes (MT), down by 7.93% compared to 225,751 MT produced in February, 2019. The company’s consolidated cement production/purchase for February 2020 stood at 287,833 MT, down by 3.59% compared to 298,540 MT produced in February, 2019. 

Further, the company’s standalone cement sales for February, 2020 stood at 212,002 million tonnes (MT) down by 2.55% compared to 217,540 MT sold in February 2019. However, the company’s consolidated cement sales for February 2020 stood at 294,518 MT, up by 2.44% compared to 287,512 MT sold in February 2019.

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.