Nagpur Power & Industries is currently trading at Rs. 35.35, up by 1.60 points or 4.74% from its previous closing of Rs. 33.75 on the BSE.
The scrip opened at Rs. 35.20 and has touched a high and low of Rs. 35.35 and Rs. 33.75 respectively. So far 607 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.40 on 09-Jun-2020 and a 52 week low of Rs. 21.10 on 27-Oct-2020.
Last one week high and low of the scrip stood at Rs. 37.00 and Rs. 32.70 respectively. The current market cap of the company is Rs. 44.20 crore.
The promoters holding in the company stood at 60.34%, while Institutions and Non-Institutions held 11.99% and 27.67% respectively.
Nagpur Power & Industries has received approval from the board of ‘The Motwane Manufacturing Company’ to purchase shares from one of the existing shareholder of ‘The Motwane Manufacturing Company’. Further, the company has initiated the procedure for transfer of shares in demat mode, the said transaction will be completed by next week. Once the transfer is completed the company’s shareholding will be increased from 72.89% to 75.46% in the subsidiary company.
Nagpur Power & Industries mainly operates on metal recovery plant and produces low ferro manganese (Slag) through its profitable slag recovery process.
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