Mukka Proteins soars on completing acquisition of 51% stake in GSM Marine Export
Mukka Proteins is currently trading at Rs 33.55, up by 0.44 points or 1.33% from its previous closing of Rs 33.11 on the BSE.
The scrip opened at Rs 33.26 and has touched a high and low of Rs 33.90 and Rs 33.15 respectively. So far 43757 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52-week high of Rs 56.52 on 16-Jul-2024 and a 52-week low of Rs 28.50 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 34.41 and Rs 32.88 respectively. The current market cap of the company is Rs 1003.80 crore.
The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 4.61% and 22.05% respectively.
Mukka Proteins has completed acquisition of 51% stake in GSM Marine Export, Partnership Firm for an amount not exceeding Rs 14 crore by way of capital contribution. The investment was made as a part of Company’s strategic investment plans to expand the core business of the Company.
GSM Marine Export is in the business of manufacturing of fish meal and fish oil.
Mukka Proteins is one of the key players of the fish protein industry. The company manufactures fish oil which is used in the production of soap, leather tanneries, and the paint industry.
