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Forbes & Company zooms on getting nod to enter into Joint Venture with Macsa ID

Forbes & Company Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 502865 | NSE: FORBESGOK

16 Aug 2022 Evaluate

Forbes & Company is currently trading at Rs. 570.00, up by 53.25 points or 10.30% from its previous closing of Rs. 516.75 on the BSE.

The scrip opened at Rs. 580.00 and has touched a high and low of Rs. 620.10 and Rs. 559.15 respectively. So far 156440 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 620.10 on 16-Aug-2022 and a 52 week low of Rs. 201.20 on 18-Aug-2021.

Last one week high and low of the scrip stood at Rs. 620.10 and Rs. 396.00 respectively. The current market cap of the company is Rs. 735.22 crore.

The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 12.49% and 13.66% respectively.

Forbes & Company has received approval for proposal to enter into a Joint Venture with Macsa ID for providing innovative laser marking and traceability solutions for the entire range of materials - metals & non-metals. It is proposed to set up joint venture company with equal participation of both, the Company and Macsa ID.

Macsa ID is one of the 4 leading companies internationally in the field marking and traceability and offers comprehensive solutions to the food, beverages, pharmaceutical, healthcare, cosmetics, industrial engineering sector which sector includes automotive, aeronautics, defense, construction etc. Macsa ID is recognized as a world leader in technological innovation in lasers for marking and coding. The proposed joint venture company will have equal and working capital participation of the Company and Macsa ID in 50:50 ratio.

Forbes & Company has three main businesses; namely engineering, shipping and logistics and business automation.

Forbes & Company Share Price

338.45 -2.55 (-0.75%)

17-Apr-2026 16:59 View Price Chart

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Forbes & Company zooms on getting nod to enter into Joint Venture with Macsa ID

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