Satia Industries gains on bagging multiple contracts worth Rs 96.50 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Satia Industries is currently trading at Rs. 138.10, up by 2.30 points or 1.69% from its previous closing of Rs. 135.80 on the BSE.
The scrip opened at Rs. 135.85 and has touched a high and low of Rs. 142.50 and Rs. 135.80 respectively. So far 254761 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.35 on 31-Oct-2022 and a 52 week low of Rs. 101.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 142.50 and Rs. 126.75 respectively. The current market cap of the company is Rs. 1371.50 crore.
The promoters holding in the company stood at 52.46%, while Institutions and Non-Institutions held 0.78% and 46.76% respectively.
Satia Industries has bagged major contracts for supply of paper for printing textbooks from Orissa, Himachal Pradesh and West Bengal for totals valuing Rs 96.50 crore for immediate execution. This demonstrates buyers’ trust in the company’s potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP).
Satia Industries is in the business segment of Yarn, Paper, and Agriculture.
