Sagar Cements rose 2.72% to Rs 661.25 at 10:56 IST on BSE after the company in December 2016 maintained its consolidated sales volume at same level as in corresponding previous period.
The announcement was made after market hours yesterday, 5 January 2017.Meanwhile, the S&P BSE Sensex was up 62.46 points or 0.23% at 26,940.70.
On the BSE, 1,983 shares were traded on the counter so far as against the average daily volumes of 4,236 shares in the past one quarter. The stock had hit a high of Rs 670 and a low of Rs 635.50 so far during the day.
The stock had hit a record high of Rs 835 on 14 October 2016 and a 52-week low of Rs 350 on 18 February 2016. It had underperformed the market over the past one month till 5 January 2017, sliding 2.57% compared with the Sensex's 2.01% rise. The scrip had also underperformed the market in past one quarter, declining 12.28% as against the Sensex's 4.76% fall.
The small-cap company has equity capital of Rs 18 crore. Face value per share is Rs 10.
Sagar Cements' consolidated sales volume stood at 1.54 lakh metric tonnes in December 2016, almost same as that of December 2015. During the 9-month period from April-December 2016, the company reported a consolidated sales volume of 15.58 lakh metric tonnes, higher than 13.22 lakh tonnes sales volume reported during the 9-month period from April-December 2015.
Net profit of Sagar Cements declined 71.5% to Rs 2.50 crore on 29% decline in net sales to Rs 119.20 crore in Q2 September 2016 over Q2 September 2015.
Sagar Cements is engaged in manufacturing of cement.
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