Sangam Renewables is currently trading at upper circuit of Rs. 18.10, up by 0.85 points or 4.93% from its previous closing of Rs. 17.25 on the BSE.
The scrip opened at Rs. 18.10 and has touched a high and low of Rs. 18.10 and Rs. 18.10 respectively. So far 200 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.50 on 10-Apr-2018 and a 52 week low of Rs. 12.50 on 01-Mar-2019.
Last one week high and low of the scrip stood at Rs. 19.85 and Rs. 17.20 respectively. The current market cap of the company is Rs. 18.13 crore.
The promoters holding in the company stood at 38.56%, while Institutions and Non-Institutions held 1.40% and 60.03% respectively.
Sangam Renewables has raised Rs 19.98 crore on preferential basis. The company has received approval for allotment of 10,800,000 equity shares of Rs 10 each, fully paid-up, at a price of Rs 18.50 including a premium of Rs 8.50 per equity share amounting to Rs 19.98 crore on preferential basis to Waaree Energies (Promoter Group entity). The Board of Directors of the Company at its meeting held on April 08, 2019 has approved the same.
Sangam Renewables is engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them.
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