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.
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