Sagar Cements Rises On Worth Shopping For; Features Over 116% This Ye

Sagar Cements rose 5.75% to Rs. Reached 284.05, because the final 5 classes noticed a slight value purchase on the counter after a decline.

Registered on eighth November 2021, Rs. 294.60 from the current low of Rs. Scrips fell 8.83% in 5 classes, ending at 268.60.

On a year-to-date (YTD) foundation, the inventory rose 116.07% whereas the benchmark Sensex gained 26.98% over the identical interval.

On the technical entrance, the inventory’s RSI (Relative Energy Index) stood at 50.597. RSI oscillates between zero and 100. Historically, RSI is taken into account overbought when it’s above 70 and oversold when it’s beneath 30.

The inventory was buying and selling above its 100-day and 200-day Easy Transferring Common (SMA), which have been positioned at 271.50 and 212.90, respectively. Nonetheless, it’s buying and selling beneath the 50-day SMA positioned at 283.74.

In an change submitting after market hours yesterday, Sagar Cements mentioned that its board assembly might be held on Thursday, November 18, 2021 to think about a proposal to boost funds for its enlargement / acquisition as alternatives could come up.

In a regulatory submitting throughout market hours immediately, the corporate mentioned that the board assembly scheduled for November 18, 2021 has been amended to November 20, 2021 (Saturday).

Sea Cement is engaged within the manufacturing of clinker and common Portland cement (OPC).

The corporate’s consolidated internet revenue fell 58.09% to Rs. 21.07 crore, though internet gross sales elevated by 13.21 per cent, however in Q2 FY22 as in comparison with Q2 of FY21. 368.93 crore.

Run by Capital Market – Reside Information

(This story has not been edited by Enterprise Commonplace workers and has been auto-generated from the Syndicate feed.)

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