01-01-1970 12:00 AM | Source: Accord Fintech
Rana Sugars gains on investing funds in Buttar Biofuels
News By Tags | #572 #986 #6395

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Rana Sugars is currently trading at Rs. 9.82, up by 0.05 points or 0.51% from its previous closing of Rs. 9.77 on the BSE.

The scrip opened at Rs. 9.87 and has touched a high and low of Rs. 9.91 and Rs. 9.62 respectively. So far 92479 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.75 on 05-Mar-2021 and a 52 week low of Rs. 2.60 on 21-May-2020.

Last one week high and low of the scrip stood at Rs. 10.30 and Rs. 9.45 respectively. The current market cap of the company is Rs. 148.35 crore.

The promoters holding in the company stood at 22.64%, while Institutions and Non-Institutions held 1.68% and 75.68% respectively.

Rana Sugars has invested its funds in incorporating subsidiary in the name & style of Buttar Biofuels for which the initial shares application money was paid by the company in due course for completing the investment. The main object of the acquisition is to have a Wholly Owned Company which is engaged in the business of manufacturing, producing, refining, processing, buying, selling, importing, exporting or otherwise to deal in ethyl alcohol, ethanol and biodiesel fuel.

Rana Sugars (RSL) is one of the most diversified sugar facilities in the country.