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Gravita India surges on increasing capacity of existing recycling unit situated at Chittoor

17 Aug 2021 Evaluate

Gravita India is currently trading at Rs. 214.25, up by 4.80 points or 2.29% from its previous closing of Rs. 209.45 on the BSE.

The scrip opened at Rs. 215.50 and has touched a high and low of Rs. 218.55 and Rs. 210.25 respectively. So far 146497 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 218.55 on 17-Aug-2021 and a 52 week low of Rs. 41.35 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 218.55 and Rs. 162.50 respectively. The current market cap of the company is Rs. 1460.50 crore.

The promoters holding in the company stood at 73.00% and Non-Institutions held 27.00%.

Gravita India has increased capacity of its existing recycling unit situated at Chittoor, Andhra Pradesh. The existing capacity of said unit of lead recycling has been increased by 10,200 MTPA and as on date the total capacity of this unit for lead recycling is 38,200 MTPA. The production from said plant will cater the needs of domestic as well as international customers.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.

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