Sarda Energy & Minerals zooms after its arm gets upgraded to three star export house
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Sarda Energy & Minerals is currently trading at Rs. 1148.00, up by 26.25 points or 2.34% from its previous closing of Rs. 1121.75 on the BSE.
The scrip opened at Rs. 1121.75 and has touched a high and low of Rs. 1161.40 and Rs. 1104.90 respectively. So far 10540 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1195.60 on 21-Mar-2022 and a 52 week low of Rs. 392.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1195.60 and Rs. 1033.30 respectively. The current market cap of the company is Rs. 4110.51 crore.
The promoters holding in the company stood at 72.50%, while Institutions and Non-Institutions held 3.33% and 24.17% respectively.
Sarda Energy & Minerals’ wholly owned subsidiary -- Sarda Metals & Alloys has been upgraded from two star export house to three star export house by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.
Sarda Energy & Minerals (SEML) is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.
