Sagar Cements zooms on planning to raise funds
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Sagar Cements is currently trading at Rs. 250.85, up by 7.60 points or 3.12% from its previous closing of Rs. 243.25 on the BSE.
The scrip opened at Rs. 246.10 and has touched a high and low of Rs. 255.00 and Rs. 245.75 respectively. So far 5307 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 319.00 on 06-Aug-2021 and a 52 week low of Rs. 139.89 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 252.55 and Rs. 227.00 respectively. The current market cap of the company is Rs. 2949.25 crore.
The promoters holding in the company stood at 50.28%, while Institutions and Non-Institutions held 14.76% and 34.96% respectively.
Sagar Cements is planning to raise funds through issue of equity shares on a preferential basis. The meeting of the Board of Directors is scheduled to be held on March 25, 2022 to consider and approve the same.
Sagar Cements is a prominent player in the field of cement in Andhra Pradesh for over 3 decades adopting progressive manufacturing practices, whether it relates to maintaining high standards of quality of its products or development of its highly valued human resources or the need to keep the pollution to the barest minimum.
