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Mukand is currently trading at Rs. 53.30, up by 7.30 points or 15.87% from its previous closing of Rs. 46.00 on the BSE.
The scrip opened at Rs. 51.30 and has touched a high and low of Rs. 55.20 and Rs. 51.30 respectively. So far 497571 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.75 on 18-Nov-2014 and a 52 week low of Rs. 19.65 on 03-Feb-2014.
Last one week high and low of the scrip stood at Rs. 55.20 and Rs. 40.00 respectively. The current market cap of the company is Rs. 749.45 crore.
The promoters holding in the company stood at 73.36% while Institutions and Non-Institutions held 5.32% and 21.33% respectively.
Mukand has received an approval to transfer its Special & Alloy Steel Business, having an installed capacity of 370,000 MT per annum, as a going concern by way of a slump sale to a subsidiary company (to be formed) for an enterprise value of approximately Rs 1,590 crore, subject to deduction of debt and net working capital adjustment as on the date of transfer.
The above restructuring proposal is intended to facilitate the possible introduction of a strategic partner. The board of directors at their meeting held on December 22, 2014 has approved for the same.
The net consideration will be paid in cash by the subsidiary as per the terms of the Business Transfer Agreement to be executed in this regard. The aforesaid transaction is subject to requisite approvals. The company proposes to seek an approval of its shareholders by postal ballot for the above transaction.
Mukand, earlier known as Mukand Iron & Steel Works, is engaged in manufacturing of alloy and stainless steel long products. The company operates in four segments namely steel, industrial machinery, road construction and other products.
| Company Name | CMP |
|---|---|
| JSW Steel | 912.90 |
| Tata Steel | 173.30 |
| SAIL | 166.40 |
| Jindal Stainless | 805.75 |
| Jindal Saw | 561.95 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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