SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CUMI strengthens as its arm forms a subsidiary in Europe

11 Dec 2014 Evaluate

Carborundum Universal is currently trading at Rs. 177.00, up by 3.05 points or 1.75 % from its previous closing of Rs. 173.95 on the BSE.

The scrip opened at Rs. 173.95 and has touched a high and low of Rs. 177.35 and Rs. 172.25 respectively. So far 9312 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 220.50 on 16-Sep-2014 and a 52 week low of Rs. 123.25 on 05-Mar-2014.

Last one week high and low of the scrip stood at Rs. 189.30 and Rs. 173.00 respectively. The current market cap of the company is Rs. 3299.85 crore.

The promoters holding in the company stood at 42.13 % while Institutions and Non-Institutions held 35.58 % and 22.29 % respectively.

CUMI International, Cyprus (CIL) a wholly owned subsidiary of Carborundum Universal (CUMI), India, has formed a 100% subsidiary company- CUMI Europe s. r. o (CE) in Czech Republic of the European Union to independently market Electro minerals and other industrial products viz., Abrasives, Ceramics and Refractories that CUMI manufactures from across its 30 factories located in 7 countries.

CUMI with consolidated sales of about $350 million is a fully vertically integrated company in the space of Abrasives, Electrominerals, Ceramics and Refractories with operations in Australia, China, Russia, Middle East, South Africa, Thailand, the USA and in India.

The CE operations will facilitate CUMI to offer to its customers in Europe, quality industrial products and services besides helping in developing customized products and solutions for its customers.

 

Carborundum Univer. Share Price

939.95 56.30 (6.37%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×