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Facor Alloys trades higher on executing conversion agreement with Tata Steel

01 Dec 2020 Evaluate

Facor Alloys is currently trading at Rs. 1.70, up by 0.18 points or 11.84% from its previous closing of Rs. 1.52 on the BSE.

The scrip opened at Rs. 1.66 and has touched a high and low of Rs. 1.80 and Rs. 1.46 respectively. So far 221906 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 2.03 on 05-Dec-2019 and a 52 week low of Rs. 1.00 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1.80 and Rs. 1.23 respectively. The current market cap of the company is Rs. 33.24 crore.

The promoters holding in the company stood at 44.29%, while Institutions and Non-Institutions held 0.02% and 55.69% respectively.

Facor Alloys has entered into a conversion agreement with Tata Steel for conversion of Chrome Ore into Feno Chrome, w.e.f. November 28, 2020. Post-execution the company's plant will be operational now at its 100% capacity.

Facor Alloys is one of the India's largest producers and exporters of Ferro Alloys, an essential ingredient for manufacture of steel and stainless steel.

Facor Alloys Share Price

3.15 0.28 (9.76%)
17-Apr-2026 16:59 View Price Chart
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