SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Metkore Alloys & Industries jumps on incorporating WOS in Oman

11 Jun 2012 Evaluate

Metkore Alloys & Industries is currently trading at Rs. 14.30, up by 0.30 points or 2.14% from its previous closing of Rs. 14.00 on the BSE.

The scrip opened at Rs. 14.40 and has touched a high and low of Rs. 14.40 and Rs. 13.85 respectively. So far 67 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 35.99 on 28-Oct-2011 and a 52 week low of Rs. 11.05 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 14.73 and Rs. 13.25 respectively. The current market cap of the company is Rs. 85.08 crore.

The promoters holding in the company stood at 70.48% while Institutions and Non-Institutions held 3.84% and 25.68% respectively.

Metkore Alloys & Industries has incorporated a wholly owned subsidiary (WOS) of the company at Oman under the name and style of ‘Metkore Alloys Overseas LLC (FZC). The incorporated subsidiary will be setting up a 108 MVA Ferro Chrome Plant at a cost of $80 million.

Besides, the company has executed a land lease agreement with Sohar Free Zone L.L.C. on June 09, 2012.

Metkore Alloys & Industries (formerly Cronimet Alloys India) is engaged in the manufacture of high carbon ferro-chrome for use in the stainless steel industry. The company’s plant has an installed capacity of 25,000 MT with one 6 MVA and one 9 MVA furnace. It manufactures two standard grades of ferro chrome i.e. high silicon and low silicon.

Metkore Alloys Share Price

0.66 0.00 (0.00%)
23-Feb-2021 18:59 View Price Chart
Peers
Company Name CMP
Tata Steel 206.55
JSW Steel 1204.00
SAIL 167.90
Jindal Stainless 765.15
APL Apollo Tubes 1978.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×