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Metkore Alloys & Industries declines as its promoter sells 0.45% stake in the company

08 Dec 2015 Evaluate

Metkore Alloys & Industries is currently trading at Rs. 2.75, down by 0.13 points or 4.51% from its previous closing of Rs. 2.88 on the BSE.

The scrip opened at Rs. 2.75 and has touched a high and low of Rs. 2.75 and Rs. 2.75 respectively. So far 55 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 2 has touched a 52 week high of Rs. 10.96 on 15-Apr-2015 and a 52 week low of Rs. 2.36 on 17-Nov-2015.

Last one week high and low of the scrip stood at Rs. 2.99 and Rs. 2.70 respectively. The current market cap of the company is Rs. 19.37 crore.

The promoters holding in the company stood at 65.59% while Institutions and Non-Institutions held 1.69% and 32.72% respectively.

Metkore Alloys & Industries - one of the Promoter - Prashant Boorugu has disposed off 3,17,722 equity shares, which constitutes 0.45% of the capital of the company of Rs 2 each between October 16 and December 05, 2015.

Prashant Boorugu is holding 1,89,42,582 equity shares of Rs 2 each in the company, which constitutes 26.89% of the total paid up capital of which 1,62,60,304 equity shares have been pledged favouring Reliance Capital.

Metkore Alloys & Industries is engaged in the manufacturing of high carbon ferro-chrome for use in the stainless steel industry.

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Company Name CMP
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