Sagar Cements fell 1.79% to Rs 693.70 after HDFC mutual fund reduced its stake in the cement maker by 2.05% as on 15 December 2020.
Post transaction, HDFC mutual fund's shareholding in Sagar Cements has reduced to 4.61% from 6.66% earlier.
Sagar Cements' consolidated net profit soared 919.7% to Rs 50.17 crore on 22.8% increase in net sales to Rs 325.88 crore in Q2 September 2020 over Q2 September 2019.
Sagar Cements is engaged in manufacturing clinker and ordinary portland cement (OPC).
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