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Salguti Industries rises on getting nod to sell property

09 Feb 2018 Evaluate

Salguti Industries is currently trading at Rs. 20.00, up by 0.20 points or 1.01% from its previous closing of Rs. 19.80 on the BSE.

The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.00 and Rs. 20.00 respectively. So far 138 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.60 on 01-Mar-2017 and a 52 week low of Rs. 11.20 on 28-Dec-2017.

The current market cap of the company is Rs. 15.07 crore.

The promoters holding in the company stood at 67.07%, while Institutions and Non-Institutions held 3.32% and 29.62% respectively.

Salguti Industries has received an approval to sell the structures standing and/or any part or portion thereof along with Land & Building including electrification thereof on a slump sale basis on an ‘as is where is’ basis or in any other manner as the Board may deem fit in the interest of the Company situated at Gollapalle Village, Jedcharlla Gramapanchayat, Mahaboobnagar, Telangana at such price, not less than Rs 8.30 crore. The Board of Directors of the company at their meeting held on February 08, 2018, approved the same.

Salguti Industries is a leading manufacturer of woven sacks and textile products.

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