Manaksia Aluminium Company soars on incorporating Wholly Owned Subsidiary
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Manaksia Aluminium Company is currently trading at Rs. 30.00, up by 0.78 points or 2.67% from its previous closing of Rs. 29.22 on the BSE.
The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 30.00 and Rs. 30.00 respectively. So far 40 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 45.55 on 29-Jan-2024 and a 52 week low of Rs. 22.01 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 31.86 and Rs. 29.17 respectively. The current market cap of the company is Rs. 196.60 crore.
The promoters holding in the company stood at 72.86%, while Institutions and Non-Institutions held 0.02% and 27.12% respectively.
Manaksia Aluminium Company has incorporated a Wholly Owned Subsidiary (WOS) Company, namely, ‘Manaksia Aluminium Inc.’ in Delaware state of USA. The WOS Company is incorporated to carry out the business in Metal Products or execute clearing or other activities required for in the business of Holding Company.
Manaksia Aluminium Company is engaged in the manufacturing of aluminium rolled product. Its products include aluminium sheets and coils, flooring sheets, roofing sheets, colour coated coils, closure coils and sheets, colour coated roofing sheets etc.
