Latest Stock Market News

The Relative Strength Index of the stock stood at 51.45 on Thursday.

Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2377.61 Crore) operating in Cement sector.

Promoters held 74.36 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.39 per cent and 3.05 per cent, respectively.

The partially convertible rupee was trading at 77.78/79 per dollar after touching a record low of 77.81. The previous life low of 77.7975 was touched on May 17.

A total of 64,588 shares changed hands on the counter till 12:13PM (IST).

The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3733.25.

“The aim of higher interest rates is to slow the economy. Let us be quite clear about this. Do not do it just for the hell of it! You are trying to slow the economy and to that extent, slow demand. What is very clear is that the world over, this is happening and therefore slowing of the economy is not an accident. ”

Promoters held 37.4 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 17.83 per cent and 0.03 per cent, respectively.

BLS has agreed to acquire 100 per cent equity shares of ZMPL for an equity consideration of Rs 120 crore, including an entire stake of 63.94 per cent held by the main promoter Anurag Gupta, reports said.

Traders holding the stock can maintain their positions while fresh money can be deployed now or on dips for a target of Rs 2,110 in the next 1-2 months, suggest experts.