Venus Pipes & Tubes trades jubilantly on foraying into fittings business
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Venus Pipes & Tubes is currently trading at Rs. 1868.60, up by 129.45 points or 7.44% from its previous closing of Rs. 1739.15 on the BSE.
The scrip opened at Rs. 1804.75 and has touched a high and low of Rs. 1889.00 and Rs. 1764.45 respectively. So far 47782 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,889.00 on 29-Feb-2024 and a 52 week low of Rs. 679.00 on 11-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1889.00 and Rs. 1633.00 respectively. The current market cap of the company is Rs. 3795.37 crore.
The promoters holding in the company stood at 48.68%, while Institutions and Non-Institutions held 13.06% and 38.26% respectively.
Venus Pipes & Tubes has forayed into fittings business. By venturing into the fitting business, the company aims to further solidify its position as a trusted partner in the industrial landscape, providing high-quality fittings that meet the rigorous standards of reliability, durability, and performance that company’s clients have come to expect from it.
Meanwhile, the company is introducing specialized product line of stainless and titanium welded tubes. These specialized tubes represent critical innovation in an industry where such products are manufactured by only a select few players. The manufacturing process involves high precision engineering which makes it difficult for other players to enter the market.
Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes.
