Ram Ratna Wires rises on entering into loan agreement with Epavo
Ram Ratna Wires is currently trading at Rs. 584.30, up by 3.65 points or 0.63% from its previous closing of Rs. 580.65 on the BSE.
The scrip opened at Rs. 575.05 and has touched a high and low of Rs. 594.00 and Rs. 575.00 respectively. So far 3558 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 758.00 on 14-Oct-2024 and a 52 week low of Rs. 244.95 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 594.00 and Rs. 512.55 respectively. The current market cap of the company is Rs. 2572.49 crore.
The promoters holding in the company stood at 72.97%, while Institutions and Non-Institutions held 0.31% and 26.72% respectively.
Ram Ratna Wires has entered into a loan agreement with Epavo Electricals (Epavo), a joint venture company, on February 6, 2025. The company has granted an unsecured loan of Rs 15 crore to Epavo to support its business activities, to meet capital and operational expenditure and other business requirements. The company holds 50% stake in Epavo's paid-up share capital.
Ram Ratna Wires is engaged in manufacturing of enamelled copper winding wires.The product range of the company includes: Enamelled copper winding wires, Modified polyester copper wires, Polyesterimide wires, Polyurethane self solderable wires and Dual coated wires.
