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Aanchal Ispat gains on entering into MoU with UP Government

26 Feb 2018 Evaluate

Aanchal Ispat is currently trading at Rs. 16.95, up by 0.50 points or 3.04% from its previous closing of Rs. 16.45 on the BSE.

The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.10 and Rs. 16.05 respectively. So far 12736 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.80 on 02-Jan-2018 and a 52 week low of Rs. 7.71 on 24-Mar-2017.

Last one week high and low of the scrip stood at Rs. 17.85 and Rs. 16.05 respectively. The current market cap of the company is Rs. 35.14 crore.

The promoters holding in the company stood at 63.99%, while Non-Institutions held at 36.01% stake in the company.

Aanchal Ispat has entered into a Memorandum of Understanding (MoU) with Uttar Pradesh (UP) State Government, for Rs 125 crore for expansion/diversification of the existing Steel Re-rolling unit, in the coming years.

Aanchal Ispat is engaged in manufacturing of Mild Steel TMT Re-bars, Structural Rre-bars, angles, channels, TMT Bars, MS Round and other sectional products as per order.

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