Sahyadri Industries touches roof on resuming manufacturing operations

08 May 2020 Evaluate
Sahyadri Industries is currently trading at its upper circuit limit of Rs. 85.20, up by 4.05 points or 4.99% from its previous closing of Rs. 81.15 on the BSE.

The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 85.20 and Rs. 84.00 respectively. So far 2249 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.00 on 31-May-2019 and a 52 week low of Rs. 53.15 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 85.20 and Rs. 76.20 respectively. The current market cap of the company is Rs. 81.46 crore.

The promoters holding in the company stood at 66.41%, while Institutions and Non-Institutions held 0.09% and 33.50% respectively.

Sahyadri Industries has resumed the operations at manufacturing units viz., Maharashtra (Kedgaon and Chinchwad), Gujarat (Mahuvej), Telangana (Vijayawada) pursuant to the receipt of approvals from the Concerned Government Authorities. Further, the company has taken all measures to comply with the COVID Guidelines relating to safety, health, hygiene, reduced manpower, social distancing and other precautionary measures required to be taken in the prevailing situation.

Earlier, the company had temporarily closed its manufacturing facilities in those states for such a period as prescribed by respective authorities due to Pandemic Covid -19.

Sahyadri Industries is a well known group in Building Material Industry based at Pune. The group founded by Late L. B. Patel, who ventured into the trade to timber and building materials, sensing the Urban and Rural needs for developing shelters to people of all income groups way back in 1947.

Sahyadri Industries Share Price

339.45 -10.40 (-2.97%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9740.00
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Ambuja Cement 612.30
Dalmia Bharat 1940.05
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