Steelcast is currently trading at Rs. 27.55, up by 0.40 points or 1.47% from its previous closing of Rs. 27.15 on the BSE.
The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.05 and Rs. 27.50 respectively. So far 1685 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 61.00 on 15-Oct-2012 and a 52 week low of Rs. 24.00 on 24-Sep-2013.
Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 24.00 respectively. The current market cap of the company is Rs. 50.19 crore.
The promoters holding in the company stood at 50.88% while non-institutions held 49.12% stake in the company.
Gujarat-based Steelcast India's leading steel castings manufacturer is raising its plant capacity by 8000 tons by October, 2013 to take total capacity to 30,000 tons at its current location at Bhavnagar.
The company has invested more than Rs 100 crore so far in raising its capacity from 10,000 tons to 30,000 tons in last three years. Last year, the company had invested around Rs 45 crore; while this fiscal, it will be investing another Rs. 23 crore.
As on March 31, 2013, exports constituted 53% of total sales and the company aims to take this up to 65% of total sales by March 31, 2015. During the first quarter ending June 30, 2013, the Company reported 36% jump in profit to Rs 4 crore as compared to Rs 2.95 crore in the corresponding period last year.
Steelcast caters to earthmoving equipment manufacturers, heavy electrical equipment manufacturers, mining, mineral processing equipment manufacturers, OFE valve manufacturers, general engineering equipment manufacturers and end users like cement plants, mining and mineral processing units, thermal power plants and steel plants.
| Company Name | CMP |
|---|---|
| AIA Engineering | 3958.20 |
| Alicon Castalloy | 684.70 |
| Nelcast | 141.10 |
| Steelcast | 295.55 |
| Synergy Green Inds. | 514.80 |
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