Sayaji Industries shines on making investment in subsidiary
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Sayaji Industries is currently trading at Rs. 183.75, up by 5.65 points or 3.17% from its previous closing of Rs. 178.10 on the BSE.
The scrip opened at Rs. 178.45 and has touched a high and low of Rs. 183.75 and Rs. 178.45 respectively. So far 86 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 231.90 on 27-Sep-2022 and a 52 week low of Rs. 140.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 189.95 and Rs. 178.00 respectively. The current market cap of the company is Rs. 116.13 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 0.02% and 24.99% respectively.
Sayaji Industries has made an investment of AED 1,49,800 divided into 1498 shares of AED 100 each in the subsidiary ‘Sayaji Industries (FZC)’ on July 18, 2023. Sayaji Industries (FZC) has yet to commence its business operations.
Earlier, the company had received a certificate from Sharjah Airport International Free Zone, United Arab Emirates for incorporating a subsidiary in the name of ‘Sayaji Industries (FZC)’ on January 05, 2023. The company has incorporated the subsidiary for its business expansion purpose. It will be engaged in the marketing of company products such as starch, dextrose etc.
Sayaji Industries (SIL) is the flagship company of the Sayaji Group.
