Usha Martin is currently trading at Rs. 32.10, up by 0.55 points or 1.74% from its previous closing of Rs. 31.55 on the BSE.
The scrip opened at Rs. 31.85 and has touched a high and low of Rs. 32.85 and Rs. 31.10 respectively. So far 10604 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.45 on 20-Apr-2011 and a 52 week low of Rs. 21.80 on 12-Dec-2011.
Last one week high and low of the scrip stood at Rs. 34.05 and Rs. 27.80 respectively. The current market cap of the company is Rs. 950.79 crore.
The promoters holding in the company stood at 38.38% while Institutions and Non-Institutions held 43.63% and 16.43% respectively.
Usha Martin's Thailand subsidiary - Usha Siam Steel Industries (Usha Siam) is expecting commencement of its partial operations from April, 2012 followed by full operations from July / August, 2012 onwards.
Further, the insurance companies are considering the claims subject to normal process of claim settlement and Usha Siam is expecting to receive disbursement of first phase of claim by February, 2012.
Earlier on October 25, 2011, Usha Siam had halted the production on the back of devastating floods in Thailand, facilities of Usha Siam which had an annual production capacity of 44000 MT had been inundated in water and were currently non operational.
Usha Martin is engaged in the manufacturing of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. The company was incorporated as a joint venture between Usha Martin Industries and Bihar State Electronics Development Corporation, AEG Kabel, Germany (now Kabelrhydt and a member of the Alcatel group) and DEG, Germany.
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