Sagar Cement gains on good despatch figures in August

Sagar Cement rose 2.55% to Rs 830.90 at 10:23 IST on BSE after reporting good sales and production figures in August 2017.

The announcement was made after market hours yesterday, 6 September 2017.

Meanwhile, the S&P BSE Sensex was up 83.34 points, or 0.26% to 31,745.31.

On the BSE, just 6 shares were traded in the counter so far, compared with average daily volumes of 939 shares in the past one quarter. The stock had hit a high of Rs 839.80 and a low of Rs 830.90 so far during the day. The stock hit a record high of Rs 940 on 16 May 2017. The stock hit a 52-week low of Rs 573.50 on 22 November 2016.

The stock had underperformed the market over the past one month till 6 September 2017, falling 1.71% compared with 1.10% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.07% as against Sensex's 1.44% rise. The scrip had outperformed the market in past one year, rising 29.12% as against Sensex's 9.46% rise.

The small-cap company has equity capital of Rs 20.40 crore. Face value per share is Rs 10.

On a consolidated basis, Sagar Cement 's production rose 19.92% to 1.91 lakh metric tonne on 15.32% increase in sales to 1.99 lakh metric tonne in August 2017 over August 2016.

On a consolidated basis, Sagar Cements reported net profit of Rs 9.97 crore in Q1 June 2017 as against net loss of Rs 0.26 crore in Q1 June 2016. Net sales rose 31.06% to Rs 258.76 crore in Q1 June 2017 over Q1 June 2016.

Sagar Cements is engaged in manufacturing of cement.

Powered by Capital Market - Live News