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Sicagen India surges on the bourses

14 Sep 2016 Evaluate

Sicagen India is currently trading at Rs. 20.60, up by 1.40 points or 7.29% from its previous closing of Rs. 19.20 on the BSE.

The scrip opened at Rs. 20.05 and has touched a high and low of Rs. 20.85 and Rs. 19.70 respectively. So far 38097 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.00 on 12-Jul-2016 and a 52 week low of Rs. 13.00 on 16-Sep-2015.

Last one week high and low of the scrip stood at Rs. 21.60 and Rs. 19.00 respectively. The current market cap of the company is Rs. 81.52 crore.

The promoters holding in the company stood at 42.00%, while Institutions and Non-Institutions held 13.01% and 44.99% respectively.

Sicagen India has announced the acquisition of Danish Steel, a Bengaluru based company which specializes in precision fabrication of Stainless steel along with Carbon steel, Mild steel and Aluminum. Sicagen will acquire 100% equity stake from the existing promoters, in a phased manner.

This acquisition by Sicagen India will help propel the company to capitalize the opportunities in High end/ High Precision Steel & Metal fabrication business and also provide significant long term growth benefits.

Sicagen India is leading in providing services of trading and marketing of construction related material, technical services & manufacturing of industrial products.

Sicagen India Share Price

54.84 -1.73 (-3.06%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 222.80
Adani Enterprises 2505.65
Amrapali Industries 18.21
Rashi Peripheral 530.50
PDS 300.95
View more..

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