Sagar Cements, which had closed yesterday at Rs.1103.50, opened over 5% higher today at Rs.1160 on the back of some robust volume. Its 52-week high stands at Rs.1195.
The stock is in the green after the Board approved a stock split.
This is in the ratio of 1:5 - 1 equity of face value of Rs10 each to be split into 5 equity shares of the face value of Rs2 each.
The stock split is expected to be completed within three months from the date of approval by the shareholders at their 40tn Annual General Meeting.