Venus Pipes & Tubes moves up on commencing commercial production of LSAW pipes
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Venus Pipes & Tubes is currently trading at Rs. 1203.80, up by 6.10 points or 0.51% from its previous closing of Rs. 1197.70 on the BSE.
The scrip opened at Rs. 1200.05 and has touched a high and low of Rs. 1210.10 and Rs. 1198.00 respectively. So far 889 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1223.00 on 19-Jul-2023 and a 52 week low of Rs. 350.00 on 21-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1223.00 and Rs. 1183.05 respectively. The current market cap of the company is Rs. 2430.87 crore.
The promoters holding in the company stood at 48.20%, while Institutions and Non-Institutions held 15.22% and 36.58% respectively.
Venus Pipes & Tubes has successfully commenced commercial production of LSAW pipes of 600 MT per month on July 21, 2023. With almost tripling the company’s capacities in the last two months as compared to FY23, the company is all geared up to cater the rising demand for its products among diversified industries, whilst maintaining utmost standards and quality.
Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes.
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