Shankara Building Products gains on incorporating wholly owned subsidiary
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Shankara Building Products is currently trading at Rs. 775.05, up by 4.95 points or 0.64% from its previous closing of Rs. 770.10 on the BSE.
The scrip opened at Rs. 779.75 and has touched a high and low of Rs. 787.45 and Rs. 769.85 respectively. So far 2586 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 929.30 on 21-Aug-2023 and a 52 week low of Rs. 574.00 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 787.45 and Rs. 703.05 respectively. The current market cap of the company is Rs. 1770.94 crore.
The promoters holding in the company stood at 52.19%, while Institutions and Non-Institutions held 15.24% and 32.56% respectively.
Shankara Building Products has incorporated wholly owned subsidiary namely ‘Shankara Buildpro’ on October 13, 2023. Its main object inter-alia is to carry on the business of manufacture, process, purchase, sell, import, export or otherwise to deal with Steel Pipes, Tubes and Pipe Fittings, Iron and Steel, PVC Rigid Pipes and Pipe Fittings, PVC Products, Moulded Plastic Products, Plastic Furniture and allied products of all kinds and descriptions etc.
Shankara Building Products is a leading organized retailer of home improvement and building products in India, Operating under the brand name ‘Shankara Buildpro’.
