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Mawana Sugars trades higher on the bourses

30 Sep 2016 Evaluate

Mawana Sugars is currently trading at Rs. 55.50, up by 1.55 points or 2.87% from its previous closing of Rs. 53.95 on the BSE.

The scrip opened at Rs. 55.45 and has touched a high and low of Rs. 56.70 and Rs. 54.55 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.40 on 11-Jul-2016 and a 52 week low of Rs. 7.00 on 01-Oct-2015.

Last one week high and low of the scrip stood at Rs. 61.00 and Rs. 50.45 respectively. The current market cap of the company is Rs. 217.10 crore.

The promoters holding in the company stood at 69.88%, while Institutions and Non-Institutions held 2.07% and 28.05% respectively.

Mawana Sugars has entered into one time settlement with Axis Bank, for settling its total dues Rs 81.76 crore. The consolidated agreed amount of Rs 33.00 crore to be paid by the company in four installments up to March 25, 2017. The Board of Directors of the company has agreed for the same.

Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.


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