Arfin India surges on incorporating new wholly owned subsidiary
Arfin India is currently trading at Rs. 34.39, up by 1.20 points or 3.62% from its previous closing of Rs. 33.19 on the BSE.
The scrip opened at Rs. 33.85 and has touched a high and low of Rs. 34.51 and Rs. 33.30 respectively. So far 14565 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.70 on 18-Mar-2024 and a 52 week low of Rs. 29.70 on 26-Nov-2024.
Last one week high and low of the scrip stood at Rs. 34.51 and Rs. 30.32 respectively. The current market cap of the company is Rs. 580.24 crore.
The promoters holding in the company stood at 69.79%, while Institutions and Non-Institutions held 2.60% and 27.61% respectively.
Arfin India has incorporated a new wholly owned subsidiary (WOS) Company with an Authorised Capital of Rs 1 crore and paid up capital of Rs 10 lakh. The new subsidiary, Arfin Titanium And Speciality Alloys, has been incorporated under the Companies Act, 2013 on January 14, 2025.
The new WOS has been incorporated for manufacturing, processing, melting, treating, importing, exporting, and dealing with ferrous and non-ferrous metals, alloys, precious metal, steels, scraps, castings, and allied products in various forms and combinations.
Arfin India involves in the business of Manufacturing and Exports of Aluminum Ingots, Aluminum Wires, Aluminum Shots, Aluminum Coils and much more. The company has diversified its businesses through addition of more product lines and covering supply to Steel Sector, Automobile Sector and Power Sector.
