Vibhor Steel Tubes jumps on getting nod to incorporate wholly-owned subsidiary
Vibhor Steel Tubes is currently trading at Rs. 116.00, up by 2.45 points or 2.16% from its previous closing of Rs. 113.55 on the BSE.
The scrip opened at Rs. 115.65 and has touched a high and low of Rs. 116.00 and Rs. 114.70 respectively. So far 95 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 207.00 on 08-Jul-2025 and a 52 week low of Rs. 100.60 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 112.55 respectively. The current market cap of the company is Rs. 219.96 crore.
The promoters holding in the company stood at 74.62%, while Institutions and Non-Institutions held 0.31% and 25.07% respectively.
Vibhor Steel Tubes has received approval for incorporation of wholly-owned subsidiary (WOS) company under the provisions of the Companies Act 2013 in the name and style of Viyom Steel Infra. The proposed WOS company to be incorporated in Hisar, Haryana India, and shall carry on the business of specialized manufacturer of high-quality steel products exclusively serving the infrastructure sector including but not limited to transmission towers, monopoles, crash barriers, octagonal poles, High Mast Poles, Pre-Fab Structures etc.
The Board of Directors of the company, at its meeting held on June 4, 2026, has approved the same.
