Venus Pipes & Tubes rises on commencing commercial production of mother hollow pipes
The scrip opened at Rs. 993.90 and has touched a high and low of Rs. 997.35 and Rs. 967.55 respectively. So far 4294 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 997.35on 25-May-2023 and a 52 week low of Rs. 316.40 on 01-Jun-2022.
Last one week high and low of the scrip stood at Rs. 997.35 and Rs. 904.15 respectively. The current market cap of the company is Rs. 1970.55 crore.
The promoters holding in the company stood at 48.20%, while Institutions and Non-Institutions held 14.41% and 37.39% respectively.
Venus Pipes & Tubes has successfully commenced commercial production of mother hollow pipes (i.e. backward integration plant for seamless pipes), additional production capacity of seamless pipes & higher dia. welded pipes on May 24, 2023. Commercial production of LSaw pipes is expected to start in the coming month.
Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes.
