Sagar Cements

Indian CEOs are expecting a decline in growth prospects of companies and the country, but are expecting to bounce back in the short-term, a report said

Jaypee-owned firm undergoing bankruptcy process

The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.

Despite these ongoing cost related challenges, demand outlook is expected to stay healthy from long-term perspective

The board is scheduled to meet on July 01, 2021, to consider a proposal to sub-divide (split) the face value of the equity shares of the Company from Rs 10 each into an appropriate amount

The management said volumes and prices are gradually improving on the back of good demand

The stock hit a new high of Rs 1,048, up 15%, extending its past three days gain after the HDFC Mutual Fund bought an additional 2.55% stake in the company via open market.

The stock rallied 8% after the company reported 23% growth in cement sales at 160,888 MT in November

The stock surged 17% to Rs 727 on BSE in intra-day trade after the board fixed an issue price of Rs 800 per share for of 611,986 equity shares on preferential basis.

The stock rallied 6% to Rs 710 on the BSE.

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