Sagar Cements hits 52-week high after turnaround in Q4

Sagar Cements spurted 11.79% to Rs 393.50 at 10:29 IST on BSE after the company reported net profit of Rs 21.69 crore in Q4 March 2015 as against net loss of Rs 11.35 crore in Q4 March 2014.

The Q4 result was announced after market hours yesterday, 21 May 2015.

Meanwhile, the S&P BSE Sensex was up 109.68 points or 0.39% at 27,919.03.

On BSE, so far 6,390 shares were traded in the counter as against average daily volume of 14,234 shares in the past one quarter.

The stock hit a high of Rs 420 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 390 so far during the day. The stock had hit a 52-week low of Rs 204.50 on 21 May 2014.

The stock had outperformed the market over the past one month till 21 May 2015, rising 0.57% compared with Sensex's 0.48% rise. The scrip had also outperformed the market in past one quarter, advancing 5.77% as against Sensex's 4.86% fall.

The small-cap company has equity capital of Rs 17.39 crore. Face value per share is Rs 10.

Sagar Cements' total income from operations (net) rose 29.96% to Rs 190.70 crore in Q4 March 2015 over Q4 March 2014.

Sagar Cements' board of directors recommended dividend of Rs 7.50 per share for the year ended 31 March 2015.

Sagar Cements is engaged in manufacture of cement at its plant in Mattampally, Nalgonda District, Andhra Pradesh.

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