Sagar Cements zooms on robust production, sales in March

Production in March 2016 surged 42% and sales rose 16% in March

Shares of Sagar Cements were up 20% at Rs 530 after the company in release said that cement production jumped 42% to 200,000 MTS in March 2016 compared with 140,480 MTS in March 2015.

Total sales for the month increased 16% to 197,583 MTS against 170,410 MTS in March 2015, the company said in a release.

However, for the year ended March 31, 2016 production was marginally lower by 2% at 1,517,859 MTS compared with 1,551,598 MTS in the previous fiscal.

The stock opened at Rs 461 and touched a high of Rs 530. At 2:55pm, over 310,000 shares were traded on both the stock exchanges.