Sanghvi Movers jumps on incorporating wholly owned subsidiary
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Sanghvi Movers is currently trading at Rs. 1125.45, up by 28.90 points or 2.64% from its previous closing of Rs. 1096.55 on the BSE.
The scrip opened at Rs. 1103.90 and has touched a high and low of Rs. 1133.50 and Rs. 1103.40 respectively. So far 8357 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1483.00 on 16-May-2024 and a 52 week low of Rs. 492.30 on 06-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1133.50 and Rs. 1065.30 respectively. The current market cap of the company is Rs. 4839.17 crore.
The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 5.08% and 47.68% respectively.
Sanghvi Movers has incorporated a Wholly Owned Subsidiary namely ‘Sangreen Logistics’ on July 03, 2024. Sangreen Logistics will provide end to end logistic solutions and supply chain management in all forms including consolidation, transportation (road, water, sea), handling and distribution, warehousing storage and all other related activities and to carry on the business of handling and dealing in cargo containers, management of terminals and storage of goods of any nature at any place or site and to act as terminal operators, clearing agents, tally contractors, stevedores, bargeman, wharfingers, warehouseman, storekeepers, bonded Carmen and cargo superintends.
Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.
