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Gravita India is currently trading at Rs. 354.80, up by 12.45 points or 3.64% from its previous closing of Rs. 342.35 on the BSE.

The scrip opened at Rs. 337.05 and has touched a high and low of Rs. 362.80 and Rs. 337.05 respectively. So far 104467 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 398.20 on 03-Feb-2022 and a 52 week low of Rs. 189.25 on 23-Nov-2021.

Last one week high and low of the scrip stood at Rs. 362.80 and Rs. 311.00 respectively. The current market cap of the company is Rs. 2454.99 crore.

The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 1.13% and 25.87% respectively.

Gravita India’s step down subsidiary situated in Senegal, West Africa has started commercial production of Aluminium from a new recycling plant having an annual capacity of around 4,000 MTPA. The company is expecting additional revenue of approximately Rs 60 crore per annum with a gross margins of around 20% from the new capacity. The Group has made investment of approximately Rs 3.50 crore for procuring and commissioning of this new Recycling Plant which is invested from internal accruals of the company.

The company will be procuring domestic aluminium scrap for the purpose of production from this plant and it will cater to the needs of Aluminium die casting components manufacturing industries of Auto & FMCG sector located in China, Japan and Vietnam. Gravita Group is among well-known recycling companies across the globe and capacity expansion of this plant will help company to change its sales mix by increasing the contribution of Aluminium business.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.