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Saboo Sodium Chloro zooms on adding new business line of Hospitality Industry

16 Jan 2019 Evaluate

Saboo Sodium Chloro is currently trading at Rs. 9.98, up by 0.62 points or 6.62% from its previous closing of Rs. 9.36 on the BSE.

The scrip opened at Rs. 10.00 and has touched a high and low of Rs. 10.50 and Rs. 9.08 respectively. So far 24881 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.60 on 16-Jan-2018 and a 52 week low of Rs. 7.10 on 26-Nov-2018.

Last one week high and low of the scrip stood at Rs. 10.50 and Rs. 9.02 respectively. The current market cap of the company is Rs. 24.13 crore.

The promoters holding in the company stood at 55.84%, while Institutions and Non-Institutions held 0.14% and 44.02% respectively.

Saboo Sodium Chloro has added a new business line of Hospitality Industry and has recently built up a 5 star Wellness Resort & Spa called ‘Samskara Resort’ at Village-Jaisinghpura, Peepla, Jaipur.

The company has signed a LOI for 15 years for leasing the resort to Mahindra Holidays & Resort India (Club Mahindra) on an annual lease of Rs 2.56 crore which will directly be reflected in the bottom line of company for the next 15 years and will increase overall profitability of the company. The lease rent would be escalated after every 3 years period.

Saboo Sodium Chloro is North India’s first and the largest fully integrated one lakh ton per annum Salt Refinery, using the latest technologies available in the world, to refine salt to a very high degree of purity. The product range of the company includes Surya salt, Industrial salt, Surya Miniral Water and Surya Whole Wheat Atta.

Saboo Sodium Chloro Share Price

13.59 -0.17 (-1.24%)
24-Apr-2026 15:40 View Price Chart
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