Goodluck India gains on planning to invest Rs 200 crore over next 2-3 years
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Goodluck India is currently trading at Rs. 311.90, up by 5.10 points or 1.66% from its previous closing of Rs. 306.80 on the BSE.
The scrip opened at Rs. 304.10 and has touched a high and low of Rs. 320.00 and Rs. 295.05 respectively. So far 2565 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.00 on 07-Jan-2022 and a 52 week low of Rs. 65.00 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 320.00 and Rs. 292.05 respectively. The current market cap of the company is Rs. 793.19 crore.
The promoters holding in the company stood at 61.55%, while Institutions and Non-Institutions held 0.03% and 38.42% respectively.
Goodluck India is planning to invest Rs 200 crore over the next two-three years to increase its capacity to 5,00,000 tonnes as demand for its products from customers is continuously rising. The company has five manufacturing units at Sikandrabad (Uttar Pradesh) and one in Kutch (Gujarat) with a total installed capacity of 3,40,000 tonnes per annum. The company will be using some of its own funds and the remaining portion will be arranged through various sources including bank funding. The company also has plans to acquire certain steel products making assets in the long run.
Goodluck India is certified manufacturer and exporter of a precision engineered range of Cold Drawn Welded Tubes & Precision Tubes.
