Sangam (India) shines on the bourses

05 Mar 2013

Sangam (India) is currently trading at Rs 37.00, up by 1.00 points or 2.78% from its previous closing of Rs 36.00 on the BSE.

The scrip opened at Rs 36.05 and has touched a high and low of Rs 37.35 and Rs 36.00 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 66.90 on 09-Nov-2012 and a 52 week low of Rs 36.00 on 04-Mar-2013.

Last one week high and low of the scrip stood at Rs 46.40 and Rs 36.00 respectively. The current market cap of the company is Rs 145.86 crore.

The promoters holding in the company stood at 37.99% while Institutions and Non-Institutions held 5.24% and 56.77% respectively.

Sangam Group has started manufacturing TMT bars, which can be used in housing and construction sectors at its steel plant at Devali, near Wardha in Maharashtra. The entity has spent Rs 500 crore in Mahalaxmi TMT, its steel venture company and has drawn a capital expenditure of Rs 650 crore for its new venture.

The Group is well known name in the textile business. It is one of leading manufacturer, exporter and supplier of world-class suitings, flock fabrics and yarn from India. This Bhilwara-based company exports its premium product range to Turkey, Belgium, Spain, MiddleEast, and various other countries.

Related Sangam (India) Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323