Mahindra Ugine Steel Company is currently trading at Rs. 58.85, up by 0.35 points or 0.60% from its previous closing of Rs. 58.50 on the BSE.
The scrip opened at Rs. 59.85 and has touched a high and low of Rs. 60.00 and Rs. 58.60 respectively. So far 2724 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.75 on 17-Feb-2012 and a 52 week low of Rs. 42.25 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 60.90 and Rs. 55.60 respectively. The current market cap of the company is Rs. 191.65 crore.
The promoters holding in the company stood at 55.47% while Institutions and Non-Institutions held 4.83% and 39.70% respectively.
India Ratings & Research, a Fitch group Company, has upgraded Mahindra Ugine Steel Company’s long-term issuer rating to ‘A’ from ‘BBB+’, and removed it from Rating Watch Evolving (RWE). The outlook of the rating is stable.
Mahindra Ugine Steel Company is engaged in the manufacturing of alloy & special steel through Electric Arc Furnace (EAF) route & caters to the automotive, engineering, bearing & other industries. The company manufactures a wide array of products including skin components, underbody components, critical assemblies, chassis components and car body sheet metal (Body in White) parts with a total capacity of 30,000 metric tons.
