Sagar Cements stock drops 15% in last 5 trading sessions
Updated: 17 Jun 2022, 11:07 AM IST
TL;DR.Sagar Cements is a south-based cement player with a cement capacity of 8.25 MT. Region-wise, AP/Telangana accounted for 60% of sales followed by Tamil Nadu (16%), and Karnataka (9%).
The rising input costs of fuel, petcoke, and coal prices have dampened the gross margins of cement companies in the March quarter. Petcoke prices skyrocketed due to geopolitical tensions between Russia and Ukraine.