Satia Industries trades higher on bagging multiple contracts worth Rs 200 crore
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Satia Industries is currently trading at Rs. 136.65, up by 1.00 points or 0.74% from its previous closing of Rs. 135.65 on the BSE.
The scrip opened at Rs. 137.50 and has touched a high and low of Rs. 140.45 and Rs. 135.65 respectively. So far 15512 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. 86.65 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 140.45 and Rs. 126.00 respectively. The current market cap of the company is Rs. 1366.00 crore.
The promoters holding in the company stood at 51.79%, while Institutions and Non-Institutions held 0.28% and 47.93% respectively.
Satia Industries has bagged 3 major contracts for supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and UP. The order totals over 17,000 tons worth a value of almost Rs 200 crore for execution in the Q4FY23; this demonstrates buyers’ trust in Satia 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.
