Solar Industries (India) is currently trading at Rs. 951.00, up by 10.70 points or 1.14% from its previous closing of Rs. 940.30 on the BSE.
The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 960.00 and Rs. 940.20 respectively. So far 2949 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 960.00 on 18-Sep-2017 and a 52 week low of Rs. 621.05 on 07-Dec-2016.
Last one week high and low of the scrip stood at Rs. 960.00 and Rs. 873.00 respectively. The current market cap of the company is Rs. 8605.15 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 22.12% and 4.73% respectively.
Solar Industries’ step down overseas subsidiary-- Solar Overseas Netherlands B.V. has increased its stake in Solar Patlayici Maddeler Sanayi Ve Tiearet Anonim Sirketi from 74.50% to 100% which is also a step down overseas subsidiary of the company.
The company and its subsidiaries have wider experience of running Explosives Business and by making Solar Patlayici Maddeler Sanayi Ve Ticaret Anonim Sirketi, a wholly subsidiary of Solar Overseas Netherlands B.V., would lead to better control and further growth opportunities in the Business. Hence, it was considered prudent to acquire 100% shareholding of Solar Patlayici Maddeler Sanayi Ve Ticaret Anonim Sirketi through Solar Overseas Netherlands B.V.
Solar Industries India manufactures various explosives products, such as Slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories.
