Bigbloc Construction surges as its arm initiates capacity expansion at Wada Plant
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igbloc Construction is currently trading at Rs. 160.80, up by 4.10 points or 2.62% from its previous closing of Rs. 156.70 on the BSE.
The scrip opened at Rs. 159.85 and has touched a high and low of Rs. 162.00 and Rs. 156.00 respectively. So far 12605 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 189.65 on 06-Oct-2023 and a 52 week low of Rs. 116.80 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 151.00 respectively. The current market cap of the company is Rs. 1140.75 crore.
The promoters holding in the company stood at 72.27%, while Non-Institutions held 27.72% stake in the company.
Bigbloc Construction’s wholly owned subsidiary company -- Bigbloc Building Elements has initiated expansion of its plant of manufacturing of AAC Blocks located at Village: Kanchad, Taluka: Wada, District: Palghar, Maharastra for increasing its production capacity from 2,50,000 CBM to 5,00,000 CBM. The said expansion shall be met by mixture of internal accruals and debt and shall be completed within 6 months.
Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks
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