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Dhampur Sugar Mills soars on acquiring two overseas subsidiaries

05 Apr 2013 Evaluate

Dhampur Sugar Mills is currently trading at Rs. 50.00, up by 4.35 points or 9.53% from its previous closing of Rs. 45.65 on the BSE.

The scrip opened at Rs. 50.25 and has touched a high and low of Rs. 52.00 and Rs. 47.25 respectively. So far 3, 37,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.40 on 24-Sep-2012 and a 52 week low of Rs. 40.60 on 25-Mar-2013.

Last one week high and low of the scrip stood at Rs. 46.70 and Rs. 41.80 respectively. The current market cap of the company is Rs. 269 crore.

The promoters holding in the company stood at 55.91% while Institutions and Non-Institutions held 6.15% and 37.93% respectively.

Dhampur Sugar Mills has formed two new subsidiaries namely Dhampur international (Singapore) and Dhampur Global (Singapore). Earlier on February 8, 2013, the company’s board gave approval to acquire entire shareholding of an overseas company at par for an amount of Singapore Dollar (SGD) 10,000.

Dhampur Sugar Mills is engaged in manufacturing sugar, ethanol, chemicals and plantation white sugar. It is the first and the largest manufacturer of refined sulphurless sugar in the India.

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