Mawana Sugars gains on resuming operations of Meerut Distillery
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Mawana Sugars is currently trading at Rs. 111.50, up by 0.42 points or 0.38% from its previous closing of Rs. 111.08 on the BSE.
The scrip opened at Rs. 114.85 and has touched a high and low of Rs. 114.85 and Rs. 110.50 respectively. So far 3153 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.55 on 14-Sep-2023 and a 52 week low of Rs. 75.30 on 04-Oct-2022.
Last one week high and low of the scrip stood at Rs. 117.65 and Rs. 109.95 respectively. The current market cap of the company is Rs. 434.63 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 0.32% and 36.19% respectively.
Mawana Sugars has resumed the operations of the company’s Distillery at Nanglamal Sugar Complex, Nanglamal, Meerut, U .P. with effect from September 28, 2023, as the Uttar Pradesh Excise Department has given its permission to transfer the molasses from Company's sugar units to distillery unit.
Mawana Sugars has been engaged in the business of manufacture and selling of chemicals, sugar and edible oils.
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