Sagar Cements gains after declaring strong monthly figures

Sagar Cements rose 1.11% to Rs 1108 at 10:48 IST on BSE after the company reported strong production and despatch figures in December 2017.

The announcement was made after market hours on Friday, 5 January 2018.

Meanwhile, the S&P BSE Sensex was up 187.98 points, or 0.55% to 34,341.83. The S&P BSE Mid-Cap index was up 159.15 points, or 0.88% at 18,229.18

On the BSE, 8,413 shares were traded in the counter so far, compared with average daily volumes of 8,675 shares in the past one quarter. The stock had hit a high of Rs 1,133.60 and a low of Rs 1,100 so far during the day. The stock hit a record high of Rs 1,161.40 on 4 January 2018. The stock hit a 52-week low of Rs 635.50 on 6 January 2017.

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

On a consolidated basis, Sagar Cements' production rose 64.55% to 2.50 lakh metric tonne on 64.95% increase in sales to 2.54 lakh metric tonne in December 2017 over December 2016.

On a consolidated basis, Sagar Cements' net profit jumped 21250% to Rs 8.54 crore on 23.7% rise in total income to Rs 236.91 crore in Q2 September 2017 over Q2 September 2016.

Sagar Cements is engaged in manufacturing of cement.

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