India Ratings Affirms Sagar Cements at 'IND A-'/Stable

India Ratings and Research (Ind-Ra) has affirmed Sagar Cements Limited's (SCL) Long-Term Issuer Rating at 'IND A-'. The Outlook is Stable.

Ind-Ra continues to take a consolidated view of SCL and its subsidiaries - Sagar Cements (R) Limited (100% held by SCL; 'IND A-'/Stable), Satguru Cement Pvt Ltd (65%; 'IND A-'/Stable) and Jajpur Cements Pvt Ltd (100%; 'IND A-'/Stable) - due to the strong operating and strategic linkages and moderate legal linkages between the entities.

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.480 as compared to the previous close of Rs. 484.4. The total number of shares traded during the day was 1208 in over 216 trades.

The stock hit an intraday high of Rs. 485 and intraday low of 466.3. The net turnover during the day was Rs. 577911.

Source : Equity Bulls

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