Maharashtra Seamless soars on prepaying loan of Rs 234 crore
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Maharashtra Seamless is currently trading at Rs. 481.00, up by 8.65 points or 1.83% from its previous closing of Rs. 472.35 on the BSE.
The scrip opened at Rs. 494.05 and has touched a high and low of Rs. 495.65 and Rs. 475.55 respectively. So far 46840 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 495.65 on 12-Jun-2023 and a 52 week low of Rs. 273.98 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 495.65 and Rs. 470.70 respectively. The current market cap of the company is Rs. 6402.48 crore.
The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 6.77% and 25.43% respectively.
Maharashtra Seamless has made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. In view of its high order book and strong liquidity position, the Company went ahead with this prepayment entirely from its internal accruals to become completely debt free. This is the second instance of voluntary prepayment of long term loan in the past 8 months.
Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology.
