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Beekay Steel Industries surges on getting nod to acquire businesses of Durable Ispat & Alloys

22 Jan 2020 Evaluate

Beekay Steel Industries is currently trading at Rs. 310.00, up by 8.40 points or 2.79% from its previous closing of Rs. 301.60 on the BSE.

The scrip opened at Rs. 309.95 and has touched a high and low of Rs. 310.00 and Rs. 309.95 respectively. So far 50 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.95 on 05-Mar-2019 and a 52 week low of Rs. 193.10 on 12-Dec-2019.

Last one week high and low of the scrip stood at Rs. 364.95 and Rs. 288.00 respectively. The current market cap of the company is Rs. 591.23 crore.

The promoters holding in the company stood at 69.20%, while Non-Institutions held 30.80% stake in the company.

Beekay Steel Industries’ Board has approved acquisition of the businesses of Durable Ispat & Alloys including the assets & liabilities of the said company as ongoing concern basis on such price and other terms as may be negotiated in the best interest of the company. The said company is basically engaged in trading of Iron & Steel products. The Board of Directors of the company in its meeting held on January 21, 2020 has approved the same.

Beekay Steel Industries’ manufacturing facilities are spread across India to produce Section, Bright Bars, Structurals (Angles, Channels, Beams) and TMT bars in a variety of specifications and grades. Currently the company is producing steel billets and sponge iron for internal consumption to command raw material supplies.  

Beekay Steel Share Price

444.00 8.55 (1.96%)
04-May-2026 16:59 View Price Chart
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