Sagar Cements rose 1.49% to Rs 740.85 at 14:20 IST on BSE after the company said its total consolidated cement sales rose 24.03% to 247,051 MTs in August 2018 over August 2017.
The announcement was made after trading hours yesterday, 5 September 2018.Meanwhile, the S&P BSE Sensex was up 139.93 points, or 0.37% to 38,158.24.
On the BSE, 886 shares were traded in the counter so far compared with average daily volumes of 345 shares in the past one quarter. The stock had hit a high of Rs 755 and a low of Rs 734.70 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 711 on 23 July 2018.
Total consolidated cement production rose 27.26% at 243,963 MTs in August 2018 over August 2017.
Sagar Cements' consolidated net profit dropped 41.62% to Rs 5.82 crore on 6.24% rise in net sales to Rs 274.90 crore in Q1 June 2018 over Q1 June 2017.
Sagar Cements is engaged in manufacturing cement at its plant in Mattampally, Nalgonda district, Andhra Pradesh.
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