Sanghvi Movers soras on incorporating Wholly Owned Subsidiary
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Sanghvi Movers is currently trading at Rs. 1176.15, up by 23.70 points or 2.06% from its previous closing of Rs. 1152.45 on the BSE.
The scrip opened at Rs. 1163.35 and has touched a high and low of Rs. 1182.00 and Rs. 1158.10 respectively. So far 9149 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1250.00 on 01-Mar-2024 and a 52 week low of Rs. 305.40 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1193.45 and Rs. 1012.10 respectively. The current market cap of the company is Rs. 4988.73 crore.
The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 3.74% and 49.01% respectively.
Sanghvi Movers has incorporated Wholly Owned Subsidiary namely ‘Sangreen Renewables’ on March 23, 2024. Sangreen Renewables will carry on the business related to provide full-fledged turnkey services to Independent Power Producers (IPP) right from Conceptualization to Commissioning of wind turbine generator (WTG). The business of the WOS is not outside the main line of business of the company.
Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.
