Shah Metacorp soars on getting nod to make investment in Western Urja
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Shah Metacorp is currently trading at Rs. 4.20, up by 0.13 points or 3.19% from its previous closing of Rs. 4.07 on the BSE.
The scrip opened at Rs. 4.18 and has touched a high and low of Rs. 4.27 and Rs. 3.87 respectively. So far 512722 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.40 on 07-Aug-2024 and a 52 week low of Rs. 2.90 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 4.64 and Rs. 3.87 respectively. The current market cap of the company is Rs. 247.05 crore.
The promoters holding in the company stood at 29.81%, while Institutions and Non-Institutions held 0.06% and 70.13% respectively.
Shah Metacorp has received approval for investment in Western Urja for acquiring 50.01% shares from existing shareholders of Western Urja. The said acquisition is expected to be completed within 1 year. The Board of Directors of the company at their Meeting held on January 10, 2025 have approved the same.
Shah Metacorp, formerly Gyscoal Alloys, is engaged in the business of manufacturing of stainless steel and mild steel long products.
