Mangal Credit spurts on plan to invest in shares of Mangal Extrusion

Mangal Credit and Fincorp is currently trading at Rs.68.95, up by 0.80 points or 1.17% from its previous closing of Rs 68.15 on the BSE.

The scrip opened at Rs. 71.45 and has touched a high and low of Rs. 71.45 and Rs. 67.50 respectively.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.45 on 23-Sep-2016 and a 52 week low of Rs. 23.41 on 12-Oct-2015.

Last one week high and low of the scrip stood at Rs. 71.45 and Rs. 65.50 respectively. The current market cap of the company is Rs. 109.04 crore.

The promoters holding in the company stood at 42.10%, while Institutions and Non-Institutions held 0.01% and 57.89% respectively.

Mangal Credit and Fincorp has received an approval to invest in shares of Mangal Extrusion. The board of directors at its meeting held on September 21, 2016 has approved for the same.

Mangal Credit and Fincorp is engaged in the financing and investment activities in India. It also involves in the production and trade of cranes, hoists, and spares.