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Electrosteel Steels slips after SCIIL Steel Cast sells 1.51 crore shares

14 Mar 2018 Evaluate

Electrosteel Steels is currently trading at Rs. 2.18, down by 0.11 points or 4.80% from its previous closing of Rs. 2.29 on the BSE.

The scrip opened at Rs. 2.18 and has touched a high and low of Rs. 2.22 and Rs. 2.18 respectively. So far 8864509 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 7.20 on 07-Nov-2017 and a 52 week low of Rs. 2.18 on 13-Mar-2018.

Last one week high and low of the scrip stood at Rs. 2.67 and Rs. 2.18 respectively. The current market cap of the company is Rs. 525.21 crore.

The promoters holding in the company stood at 45.23%, while Institutions and Non-Institutions held 28.43% and 26.33% respectively.

SCIIL Steel Cast Iron Investments (Cyprus) has sold 1,51,05,260 shares of Electrosteel Steels at Rs 2.31 per share on the BSE on March 13, 2018.

Electrosteel Steels is engaged in basic iron and steel business. The company is engaged in selling thermo mechanically treated (TMT) bars, billets, ductile iron (DI) pipes, pig iron and wire rod.

Peers
Company Name CMP
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