Tulsyan NEC soars on entering into agreement to sell non-core asset
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Tulsyan NEC is currently trading at Rs. 53.58, up by 0.54 points or 1.02% from its previous closing of Rs. 53.04 on the BSE.
The scrip opened at Rs. 55.68 and has touched a high and low of Rs. 55.68 and Rs. 51.80 respectively. So far 3250 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.95 on 17-Mar-2023 and a 52 week low of Rs. 19.05 on 10-Feb-2023.
Last one week high and low of the scrip stood at Rs. 60.69 and Rs. 51.55 respectively. The current market cap of the company is Rs. 88.33 crore.
The promoters holding in the company stood at 70.45%, while Non-Institutions held 29.55% stake in the company .
Tulsyan NEC has entered into an agreement to sell its non-core asset (in operative unit) situated at Ambattur Village, Chennai on such terms and conditions as are mentioned therein. The buyer is a third-party buyer who does not belong to the Promoter / Promoter Group / Group Companies and the transaction does not fall under the ambit of Related Party Transactions.
Tulsyan NEC is engaged in the manufacturing of TMT bars, Coal Based Power Plant and Synthetics Woven fabrics and sacks.
