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Manaksia Steels zooms on acquiring stakes in Manaksia

17 Sep 2020 Evaluate

Manaksia Steels is currently trading at Rs. 10.89, up by 0.95 points or 9.56% from its previous closing of Rs. 9.94 on the BSE.

The scrip opened at Rs. 10.85 and has touched a high and low of Rs. 10.93 and Rs. 10.79 respectively. So far 6753 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.43 on 26-Dec-2019 and a 52 week low of Rs. 5.92 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 10.93 and Rs. 8.98 respectively. The current market cap of the company is Rs. 71.63 crore.

The promoters holding in the company stood at 74.75%, while Institutions and Non-Institutions held 1.28% and 23.97% respectively.

Manaksia Steels has acquired 13,25,000 equity shares of Manaksia on September 16, 2020 through market purchase. Consequent upon the aforesaid acquisition, the revised shareholding of the company in Manaksia has been increased from 4.08% to 6.10%.

Manaksia Steels is a steel manufacturing company. Its products include cold rolled steel sheets, cold rolled coils, hot dipped galvanised steel and pre painted profile sheets.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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