Modison Metals is currently trading at Rs. 47.45, up by 2.40 points or 5.33% from its previous closing of Rs. 45.05 on the BSE.
The scrip opened at Rs. 47.95 and has touched a high and low of Rs. 48.00 and Rs. 47.20 respectively. So far 12616 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 69.20 on 29-May-2018 and a 52 week low of Rs. 36.00 on 01-Feb-2019.
Last one week high and low of the scrip stood at Rs. 48.00 and Rs. 41.25 respectively. The current market cap of the company is Rs. 153.98 crore.
The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 0.15% and 47.66% respectively.
Modison Metals is in a process of entering with Tungsten Heavy Powder Inc, USA as a joint venture to produce tungsten products for export to USA. It will act as a subsidiary company of Modison Metals. The meeting of the Board of Directors of the company will be held on April 02, 2019 to consider the same.
Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.