Nidhi Granites soars on acquiring 100% stake in Yug Fashion Garments
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Nidhi Granites is currently trading at Rs. 100.25, up by 4.32 points or 4.50% from its previous closing of Rs. 95.93 on the BSE.
The scrip opened at Rs. 100.72 and has touched a high and low of Rs. 100.72 and Rs. 91.14 respectively. So far 1032 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 100.72 on 11-May-2023 and a 52 week low of Rs. 53.05 on 10-Jan-2023.
Last one week high and low of the scrip stood at Rs. 100.72 and Rs. 82.90 respectively. The current market cap of the company is Rs. 26.59 crore.
The promoters holding in the company stood at 70.25%, while Non-Institutions held 29.75% stake in the company.
Nidhi Granites has completed the acquisition of 100% equity shares of Yug Fashion Garments on May 10, 2023 as approved by the Board on the said date. Due to above acquisition, Yug Fashion Garments has become wholly owned subsidiary of the Company.
The acquisition has been decided in order to expand the investment revenues of the Company in different line of business.
Nidhi Granites performs a wide variety of manufacturing of Granites, Marble, Sandstone, Slate, Limestones, Mosaic, Cobbles, Paving stone.
