Usha Martin is currently trading at Rs. 38.45, up by 1.45 points or 3.92% from its previous closing of Rs. 37.00 on the BSE.
The scrip opened at Rs. 37.55 and has touched a high and low of Rs. 38.45 and Rs. 37.45 respectively.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 45.70 on 12-Nov-2018 and a 52 week low of Rs. 19.55 on 05-Jun-2018.
Last one week high and low of the scrip stood at Rs. 43.30 and Rs. 36.85 respectively. The current market cap of the company is Rs. 1127.54 crore.
The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 12.98% and 36.36% respectively.
Usha Martin has completed the sale of its steel business to Tata Sponge Iron (TSIL). Sale consideration for steel business Rs 4,525 crore reduced by estimated Net Working Capital on the closing date on April 09, 2019 and certain holdback amounts for the assets not transferred was discharged by TSIL in an Escrow account maintained with State Bank of India.
Usha Martin is amongst the largest wire rope manufacturer in the world and a leading speciality steel producer in India. The wire rope manufacturing facilities located in India, UK, UAE, and Thailand produce one of the widest range of wire ropes in the world.
