Mangalam Global Enterprise moves up on purchasing Plant & Machinery and Buildings in Gujarat
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Mangalam Global Enterprise is currently trading at Rs. 23.18, up by 0.54 points or 2.39% from its previous closing of Rs. 22.64 on the BSE.
The scrip opened at Rs. 23.09 and has touched a high and low of Rs. 23.28 and Rs. 22.90 respectively. So far 5747 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.10 on 14-Nov-2024 and a 52 week low of Rs. 22.00 on 14-Nov-2024.
Last one week high and low of the scrip stood at Rs. 26.10 and Rs. 22.00 respectively. The current market cap of the company is Rs. 381.95 crore.
The promoters holding in the company stood at 72.01%, while Non-Institutions held 27.99% stake in the company.
Mangalam Global Enterprise has completed the procedures on November 18, 2024 for purchasing Plant & Machinery and Buildings from Shree Gurukrupa Oil and Foods (Partnership Firm) and lands admeasuring 19833 square yards bearing Survey Nos. 186, 188 & 189 (collectively known as Assets) from the individual land owners at Taluka: Jotana, Mehasana, Gujarat.
The Company has purchased the said Assets viz. land, plant & machinery and building with installed capacity (Edible Oil Refinery & Packing unit with capacity of around 200 metric tonne per day and Oil Seed crushing plant with a capacity of 20 metric tonne per day) at cost of Rs 10.87 crore.
By adding the above capacity, overall performance of the Company will increase.
Mangalam Global Enterprise was set up by Ahmedabad based Mangalam group.
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