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Steelco Gujarat surges on incorporating wholly owned subsidiary company

09 Apr 2015 Evaluate

Steelco Gujarat is currently trading at Rs. 5.29, up by 0.26 points or 5.17% from its previous closing of Rs. 5.03 on the BSE.

The scrip opened at Rs. 5.00 and has touched a high and low of Rs. 5.50 and Rs. 4.84 respectively. So far 3730 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8.50 on 11-Nov-2014 and a 52 week low of Rs. 3.51 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 5.50 and Rs. 4.64 respectively. The current market cap of the company is Rs. 22.52 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 1.52 % and 23.48 % respectively.

Steelco Gujarat has incorporated a wholly owned subsidiary company namely ‘Steelco Colour Coating’.

Steelco Gujarat principal activity is to manufacture cold rolled steel and galvanized steel. The products include cold rolled steel coils/sheets, hot dip galvanized steel coils and plain corrugated sheets.

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