Southern Magnesium touches roof on receiving order for supply of Magnesium Powder
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Southern Magnesium & Chemicals is currently trading at its upper limit of Rs. 94.02, up by 4.47 points or 4.99% from its previous closing of Rs. 89.55 on the BSE.
The scrip opened at Rs. 94.02 and has touched a high and low of Rs. 94.02 and Rs. 94.02 respectively. So far 2778 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.49 on 20-Jun-2023 and a 52 week low of Rs. 37.15 on 12-Aug-2022.
Last one week high and low of the scrip stood at Rs. 103.17 and Rs. 88.57 respectively. The current market cap of the company is Rs. 28.21 crore.
The promoters holding in the company stood at 53.36%, while Institutions and Non-Institutions held 11.25% and 35.39% respectively.
Southern Magnesium & Chemicals has received an order for supply of Magnesium Powder for an estimated contract value of Rs 28.80 crore which is to be delivered within next 12-15 months.
The company manufactures Magnesium Chips, Turnings, Granules and Powders.
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