Unitech International is currently trading at Rs. 17.25, up by 0.30 points or 1.77% from its previous closing of Rs. 16.95 on the BSE.
The scrip opened at Rs. 17.10 and has touched a high and low of Rs. 18.40 and Rs. 16.80 respectively. So far 1,97,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.00 on 04-May-2015 and a 52 week low of Rs. 3.23 on 18-Sep-2014.
Last one week high and low of the scrip stood at Rs. 18.40 and Rs. 14.15 respectively. The current market cap of the company is Rs. 17.00 crore.
The promoters holding in the company stood at 31.02% while Non-Institutions held 68.98% respectively.
Unitech International is looking at setting up a 100% Export Oriented Unit (EOU) and is planning to apply for a special license under its name to import all kinds of permissible items in the ferrous and non ferrous metals scrap, plastics and other items. It is also looking forward for converting the scraps/semi finished materials into value added products to cater exclusively to the global export market. All the applications are in the processing stage.
The company is in the process of shifting its focus of its major business from trading to manufacturing in order to receive higher profits, diversification to reduce the global commodity and forex risks. It has been primarily involved only in trading activities of various commodities like ferrous metals, non ferrous metals, plastics, chemicals, etc. Now the company is keen to diversify and manufacture high value, speciality chemicals to cater to the domestic as well as the export market.
The company complies with all Safety Laws and meets all strict global standards on Material Handling. A comprehensive system of quality testing, monitoring & recording for all raw materials, manufacturing process and finished goods will be implemented by the company which is paramount to the International Customers.