Jai Balaji Industries touches roof on incorporating subsidiary company
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Jai Balaji Industries is currently trading at upper limit of Rs. 156.96, up by 7.47 points or 5.00% from its previous closing of Rs. 149.49 on the BSE.
The scrip opened at Rs. 156.96 and has touched a high and low of Rs. 156.96 and Rs. 144.01 respectively. So far 70232 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.96 on 31-Jul-2023 and a 52 week low of Rs. 35.30 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 156.96 and Rs. 116.11 respectively. The current market cap of the company is Rs. 2439.95 crore.
The promoters holding in the company stood at 58.74%, while Institutions and Non-Institutions held 0.14% and 41.12% respectively.
Jai Balaji Industries has incorporated a Subsidiary Company named Kesarisuta Industries Uganda, in Uganda for selling of products like ductile iron pipes and others. The cost of acquisition is $2 Million.
Jai Balaji Industries (JBIL) is engaged in the manufacturing of sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots and wire rods; and carbon, alloy, and mild steel heavy rounds.
