Nava Bharat Ventures is currently trading at Rs. 56.95, up by 1.55 points or 2.80% from its previous closing of Rs. 55.40 on the BSE.
The scrip opened at Rs. 56.20 and has touched a high and low of Rs. 58.65 and Rs. 55.85 respectively. So far 158399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.20 on 17-Jan-2020 and a 52 week low of Rs. 32.40 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 58.65 and Rs. 53.10 respectively. The current market cap of the company is Rs. 1011.49 crore.
The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 18.17% and 35.38% respectively.
Nava Bharat Ventures has entered into a Conversion Agreement with Tata Steel Mining (TSML), wholly owned subsidiary of Tata Steel (TSL), with which similar arrangement subsisted, for conversion of high carbon ferro chrome. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31, 2025.
The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. Thereby, the arrangement should provide long-term operational stability for the Ferro Alloy plant and associated Captive Power Plant at Odisha.
Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1546.10 |
| Maithan Alloys | 1022.70 |
| Nava | 727.10 |
| Indsil Hydro Power | 41.76 |
| Shyam Century | 5.82 |
| View more.. | |
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