Maximus International jumps as its arm enters into distributorship agreement with J Shrinika
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Maximus International is currently trading at Rs. 16.46, up by 0.29 points or 1.79% from its previous closing of Rs. 16.17 on the BSE.
The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 16.80 and Rs. 16.02 respectively. So far 145643 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.45 on 06-Oct-2022 and a 52 week low of Rs. 10.76 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 16.80 and Rs. 15.95 respectively. The current market cap of the company is Rs. 208.70 crore.
The promoters holding in the company stood at 63.63% ,while Non-Institutions held 36.37% stake in the company.
Maximus International’s step down subsidiary -- Quantum Lubricants (E.A.) has entered into a distributorship agreement on October 03, 2023 with J Shrinika (Mombasa - Kenya) for sale and distribution of Automotive, Industrial, Speciality, Refrigeration, Textile, Electrical and General Equipment lubricants for territory of Uganda, Tanzania, Democratic Republic of Congo and Rwanda for an initial term of 1 year which may be renewed for subsequent terms upon mutual written agreement.
Maximus International (MIL) is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.
