Satia Industries shines on securing major contracts worth Rs 340 crore
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Satia Industries is currently trading at Rs. 134.80, up by 5.05 points or 3.89% from its previous closing of Rs. 129.75 on the BSE.
The scrip opened at Rs. 130.85 and has touched a high and low of Rs. 136.00 and Rs. 130.25 respectively. So far 231218 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.35 on 31-Oct-2022 and a 52 week low of Rs. 101.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 136.00 and Rs. 123.00 respectively. The current market cap of the company is Rs. 1353.50 crore.
The promoters holding in the company stood at 52.46%, while Institutions and Non-Institutions held 0.78% and 46.76% respectively.
Satia Industries has bagged major contracts for supply of paper for printing textbooks from Text Book Production and Marketing (Bhuvneshwar), M.P. Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), Maharashtra State Bureau of Textbook Production & Curriculum Research (MSBT) Pune for 34000 MT valuing over Rs 340 crore for their immediate requirement of paper for printing of Books. This demonstrates buyers’ trust in the Company and its potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP).
Satia Industries is in the business segment of Yarn, Paper, and Agriculture.
