Usha Martin rises as its arm incorporates subsidiary in Spain
Usha Martin is currently trading at Rs. 298.25, up by 3.60 points or 1.22% from its previous closing of Rs. 294.65 on the BSE.
The scrip opened at Rs. 296.95 and has touched a high and low of Rs. 300.75 and Rs. 295.00 respectively. So far 7317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 301.00 on 11-Jul-2023 and a 52 week low of Rs. 115.10 on 03-Oct-2022.
Last one week high and low of the scrip stood at Rs. 301.00 and Rs. 276.35 respectively. The current market cap of the company is Rs. 8979.22 crore.
The promoters holding in the company stood at 48.26%, while Institutions and Non-Institutions held 11.61% and 40.12% respectively.
Usha Martin’s wholly owned subsidiary -- Usha Martin International (UMIL) has incorporated a subsidiary namely Usha Martin Espana, S.L. in Spain for which the registration certificate was issued on July 10, 2023. Consequently, Usha Martin Espana, S.L. has become a step-down subsidiary of the company.
Usha Martin is one of the world’s leading manufacturer of wire rope.
