Uttam Value Steels is currently trading at Rs. 6.72, up by 1.12 points or 20.00 % from its previous closing of Rs. 5.60 on the BSE.
The scrip opened at Rs. 5.79 and has touched a high and low of Rs. 6.72 and Rs. 5.75 respectively. So far 276250 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.25 on 25-Feb-2013 and a 52 week low of Rs. 5.40 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 5.84 and Rs. 5.50 respectively. The current market cap of the company is Rs. 802.72 crore.
The promoters holding in the company stood at 51.02 % while Institutions and Non-Institutions held 17.60 % and 31.38 % respectively.
Uttam Value Steels’ board of directors at its meeting held on February 21, 2014 has approved the scheme of arrangement between Lloyds Steels Industries (LSIL) with itself which was approved by Audit Committee on February 11, 2014.
Uttam Galva Steels (UGSL) is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.
