Sarda Energy & Minerals inches up as its arm gets nod to incorporate subsidiary in Dubai
Sarda Energy & Minerals is currently trading at Rs. 489.00, up by 0.30 points or 0.06% from its previous closing of Rs. 488.70 on the BSE.
The scrip opened at Rs. 489.00 and has touched a high and low of Rs. 489.05 and Rs. 486.65 respectively. So far 399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 624.00 on 28-Apr-2026 and a 52 week low of Rs. 452.75 on 21-Jan-2026.
Last one week high and low of the scrip stood at Rs. 492.90 and Rs. 461.75 respectively. The current market cap of the company is Rs. 17190.92 crore.
The promoters holding in the company stood at 73.16%, while Institutions and Non-Institutions held 7.09% and 19.76% respectively.
Sarda Energy & Minerals’ Wholly Owned Subsidiary -- Sarda Metals & Alloys has received approval for setting up/incorporation of a Wholly Owned Subsidiary in Dubai, United Arab Emirates (UAE). The entity to be incorporated shall be a stepdown wholly owned subsidiary of the company.
The new entity will expand company's business footprints in the Middle East region and leverage global market opportunities. The Board of Directors of Sarda Metals & Alloys in its meeting held on October 17, 2026, approved the same.
