Mukand soars on incorporating subsidiary company
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Mukand is currently trading at Rs. 175.70, up by 5.25 points or 3.08% from its previous closing of Rs. 170.45 on the BSE.
The scrip opened at Rs. 172.00 and has touched a high and low of Rs. 180.00 and Rs. 169.20 respectively. So far 37764 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 05-Sep-2023 and a 52 week low of Rs. 111.00 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 180.00 and Rs. 166.70 respectively. The current market cap of the company is Rs. 2530.12 crore.
The promoters holding in the company stood at 74.70%, while Institutions and Non-Institutions held 1.25% and 24.05% respectively.
Mukand has incorporated a subsidiary named ‘Mukand Heavy Engineering’ (MHEL) on December 15, 2023. MHEL is incorporated to carry out business in the field of Industrial Machinery and Gear Box Manufacturing.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
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