Nava zooms as its arm gets two large scale exploration licenses in Zambia
Nava is currently trading at Rs. 756.00, up by 43.15 points or 6.05% from its previous closing of Rs. 712.85 on the BSE.
The scrip opened at Rs. 733.05 and has touched a high and low of Rs. 758.70 and Rs. 733.05 respectively. So far 27940 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 776.75 on 25-Jun-2024 and a 52 week low of Rs. 304.05 on 07-Jul-2023.
Last one week high and low of the scrip stood at Rs. 775.00 and Rs. 698.45 respectively. The current market cap of the company is Rs. 10957.27 crore.
The promoters holding in the company stood at 48.84%, while Institutions and Non-Institutions held 9.02% and 42.14% respectively.
Nava’s Zambian step down subsidiary -- Maamba Collieries (MCL) has been issued two Large Scale Exploration Licenses for Lithium and other Minerals (Amethyst, Aqua Marine, Tantalum and Tin) in the Southern Province of Zambia. The Exploratory Licenses are valid for a period of four years during which period MCL plans to carry out detailed exploration of the license areas aggregating to about 8200 Ha to ascertain the mineable resources and to prepare an appropriate business plan for implementation.
Nava is a diversified company with global footprint of multifaceted businesses across Asia and Africa. A frontrunner in Ferroalloy manufacturing, Energy, Mining, Agribusiness and O&M services.
