Sharika Enterprises shines on incorporating wholly owned subsidiary in Noida
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Sharika Enterprises is currently trading at Rs. 7.70, up by 0.18 points or 2.39% from its previous closing of Rs. 7.52 on the BSE.
The scrip opened at Rs. 7.03 and has touched a high and low of Rs. 8.27 and Rs. 7.03 respectively. So far 454780 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 14.80 on 24-May-2022 and a 52 week low of Rs. 4.21 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 10.87 and Rs. 7.52 respectively. The current market cap of the company is Rs. 33.34 crore.
The promoters holding in the company stood at 55.16%, while Non-Institutions held 44.84%stake in the company.
Sharika Enterprises has incorporated a wholly owned subsidiary company named ‘Sharika Smartec’, in Noida, Uttar Pradesh. The business of wholly owned subsidiary is in line with the main line of business of the Company.
Earlier, the company had received a new purchase order worth Rs 24.69 crore for the supply of 48F OPGW and Optical Unit from LS Cables India. The order is expected to be executed in the next six months.
Sharika Enterprises operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.
