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Gravita India gains on plans to set-up used car battery recycling plant

11 Jan 2012 Evaluate

Gravita India is currently trading at Rs. 443.00, up by 7.75 points or 1.78% from its previous closing of Rs. 435.25 on the BSE.

The scrip opened at Rs. 436.00 and has touched a high and low of Rs. 447.50 and Rs. 435.50 respectively. So far 20,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 564.50 on 03-Nov-2011 and a 52 week low of Rs. 196.00 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 447.50 and Rs. 395.10 respectively. The current market cap of the company is Rs. 603.00 crore.

The promoters holding in the company stood at 73.52% while Institutions and Non-Institutions held 3.45% and 23.02% respectively.

In a bid to strengthen its global presence, Gravita India has decided to set-up a Used Car Battery Recycling plant in The Republic of Trinidad & Tobago. In this regard, Managing Director of Gravita India Rajat Agrawal and Chairman of invest T&T (Trade Promotion & Investment Promotion Agency of T&T) Brien Fontin has signed a memorandum of understanding (MOU) for the facilitation of Investment in Trinidad & Tobago. Gravita is operating three plants in India and seven plants overseas.

The company is determined for the safety of environment. It is a public listed company since November 2010 and the investors as well as shareholders have benefited from their investment. The company has plans to set up three more plants in near future.

Gravita India along with its subsidiaries has business across border in about 44 countries. The company deals in Lead and Lead related products. The major products of the company comprise of pure Lead, Refined Lead Ingots, Lead Alloy, Red Lead, Litharge etc. The company is also engaged into trading activities and supply of Lead plants and turnkey projects.

Gravita India Share Price

1658.25 52.10 (3.24%)
15-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1013.20
Vedanta 302.60
Hindustan Zinc 563.60
Jain Resource Recycl 350.75
CMR Green Tech 246.85
View more..

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