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Sacheta Metals climbs on receiving nod to raise funds

20 Sep 2011 Evaluate

Sacheta Metals is currently trading at Rs. 20.00, up by 0.25 points or 1.27% from its previous closing of Rs. 19.75 on the BSE.

The scrip opened at Rs. 20.35 and has touched a high and low of Rs. 20.35 and Rs. 19.20 respectively. So far 7678 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.50 on 04-Oct-2010 and a 52 week low of Rs. 15.35 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 21.15 and Rs. 19.00 respectively. The current market cap of the company is Rs. 28.00 crore.

The promoters holding in the company stood at 54.57% while Non-Institutions hold 45.43% respectively.

Sacheta Metals has received an approval to raise fund for its backward integration expansion plans, of an amount not exceeding Rs 10.00 crore by way of issue of equity shares, not exceeding 45,45,000 equity shares, at a price as to be determined under preferential issue guidelines of SEBI. The board at its meeting held on September 19, 2011 has considered and approved the same. Further, the approval is subject to approval of shareholders and other approvals as may be required.

Sacheta Metals is one of the major manufacturers and exporters of Aluminium Utensils - Casting - Sheet - Circles, Non Stick Cookware - Pressure Cooker and other Houseware and also Stainless Steel Kitchenware in India. They have also started manufacturing of stainless steel cutlery items in various design like tea spoon, desert spoon, fork, big spoon like zara, laddle, taveta, (Spectula), pan etc

Sacheta Metals Share Price

3.96 -0.04 (-1.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 438.70
Maan Aluminium 144.15
Arfin India 94.47
Manaksia Aluminium 31.35
PG Foils 216.40
View more..

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