Visa Steel is currently trading at Rs 22.00, up by 0.40 points or 1.85% from its previous closing of Rs 21.60 on the BSE.
The scrip opened at Rs 22.20 and has touched a high and low of Rs 22.35 and Rs 21.50 respectively. So far 1785 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 56.20 on 20-Nov-2012 and a 52 week low of Rs 18.15 on 08-Aug-2013.
Last one week high and low of the scrip stood at Rs 22.00 and Rs 20.30 respectively. The current market cap of the company is Rs 242.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 6.30% and 18.70% respectively.
Visa Steel has received an approval for acquisition of trading business of carbon products from VISA Resources India, on a going concern basis at a consideration equal to the net book value of the assets and liabilities of the trading business and subject to the necessary approvals as may be required. The board of directors at its meeting held on October 31, 2013 has approved for the same.
VISA Resources India is a wholly owned subsidiary of VISA Infrastructure. VISA infrastructure is also the holding company of the company.Visa Steel is a leading player in the Special Steel, Coke and Ferro Chrome industry in India with manufacturing facilities located at Kalinganagar Industrial Complex in Odisha.
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