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OM Metals surges on plan to buy balance 50% stake in Om Metals-SPML Infraprojects

06 Dec 2017 Evaluate

OM Metals Infraprojects is currently trading at Rs. 68.00, up by 0.70 points or 1.04% from its previous closing of Rs. 67.30 on the BSE.

The scrip opened at Rs. 67.30 and has touched a high and low of Rs. 68.25 and Rs. 67.20 respectively. So far 9569 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.35 on 03-Nov-2017 and a 52 week low of Rs. 38.30 on 22-Mar-2017.

Last one week high and low of the scrip stood at Rs. 71.05 and Rs. 65.50 respectively. The current market cap of the company is Rs. 650.05 crore.

The promoters holding in the company stood at 70.84%, while institutions and non-institutions held 3.44% and 25.72% respectively.

OM Metals Infraprojects has agreed to acquire remaining 50% shareholding of Om Metals-SPML Infraprojects thereby making the company as its wholly owned subsidiary.

This acquisition will help the company to carry on the EPC business of turnkey construction contracts comprising of civil structures, Engineering, procurement, manufacture, supply, installation and commissioning contracts for Hydro-mechanical equipments.

OM Metals Infraprojects is a conglomerate having diverse business activities and interests related to Hydro mechanical equipments, turnkey solutions for steel fabrication, Hydro power developments, Real Estate, Entertainment centers and Hotels.

Om Infra Share Price

95.54 0.67 (0.71%)
17-Apr-2026 16:59 View Price Chart
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