Usha Martin rises on entering into agreement with UGP Engineering
Usha Martin is currently trading at Rs. 371.00, up by 2.75 points or 0.75% from its previous closing of Rs. 368.25 on the BSE.
The scrip opened at Rs. 368.55 and has touched a high and low of Rs. 371.20 and Rs. 366.65 respectively. So far 5696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 450.85 on 15-Oct-2024 and a 52 week low of Rs. 278.80 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 373.65 and Rs. 348.70 respectively. The current market cap of the company is Rs. 11275.45 crore.
The promoters holding in the company stood at 42.45%, while Institutions and Non-Institutions held 25.17% and 32.38% respectively.
Usha Martin has entered into an agreement with UGP Engineering (Buyer) on August 21, 2025 for transfer/sale of leasehold land admeasuring approximately 10.11 acres, along with structure(s), plant & machinery, etc. situated at Sriperumbudur, Tamil Nadu (Sale). Consideration received from such sale/disposal is Rs 29.52 crore. The said transaction is completed on August 21, 2025.
Usha Martin is one of the world’s leading manufacturer of wire rope.
