Mishra Dhatu Nigam shines on signing eleven MoUs with various organizations
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Mishra Dhatu Nigam is currently trading at Rs. 196.10, up by 3.30 points or 1.71% from its previous closing of Rs. 192.80 on the BSE.
The scrip opened at Rs. 199.95 and has touched a high and low of Rs. 201.15 and Rs. 196.85 respectively. So far 963 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.85 on 09-Nov-2022 and a 52 week low of Rs. 155.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 203.05 and Rs. 189.30 respectively. The current market cap of the company is Rs. 3611.92 crore.
The promoters holding in the company stood at 74.00%, while Institutions and Non-Institutions held 14.29% and 11.71% respectively.
Mishra Dhatu Nigam has signed eleven Memorandum of understanding (MoUs) with various organizations. The company penned these MoUs to expand its wings in the area of developing and manufacturing Aerospace and Naval materials, R&D, Exports, Health Care and Training etc. and explore the possibilities to enhance the production capacity to pave the path to Atma Nirbhar Bharat.
It has signed MoUs with Hindustan Aeronautics Nashik, Hindustan Aeronautics Koraput, Hindustan Shipyard (HSL) Visakhapatnam, Welspun Speciality steels, Micron Instruments Chandigarh, Jay Jagadamba Mumbai, Bay Forge Chennai, Oorja Abhiyantran Hyderabad, Tamilnadu Industrial Corporation, IIT Roorkee and IIT Bombay.
Mishra Dhatu Nigam is the prime specialized metals and metal alloys manufacturing facility in India, located at Hyderabad, Andhra Pradesh.
