W.S. Industries inches up as its arm enters into binding agreement with Arni Associates
W.S. Industries (India) is currently trading at Rs. 79.40, up by 0.12 points or 0.15% from its previous closing of Rs. 79.28 on the BSE.
The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 82.00 and Rs. 78.01 respectively. So far 28658 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.10 on 15-Jul-2024 and a 52 week low of Rs. 66.35 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 84.99 and Rs. 74.00 respectively. The current market cap of the company is Rs. 503.27 crore.
The promoters holding in the company stood at 60.38%, while Institutions and Non-Institutions held 1.18% and 38.44% respectively.
W.S. Industries’ (India) wholly owned Subsidiary--WSI-P&C Verticals has entered into binding agreement dated March 11, 2025 with Arni Associates for acquisition of immovable property/undertaking to the extent of 54.89 acres of land situated at Sandavellur Village, Sriperumbudur Taluk, Kancheepuram District of Tamilnadu. The consideration for the purchase of this property shall be Rs 46.66 crore.
The said lands are situated adjacent to the existing parcel of 254 acres acquired through auction from Central Bank of India and subsequent acquisition of 74.94 acres of lands as intimated on January 10, 2025. Upon completion of registration of the said mentioned lands, W.S. Industries (India) and its wholly owned subsidiary will be holding approximately 400 acres of lands in this location. Major portion of the lands acquired are already eligible for multiuse development through a Tamil Nadu government gazette notification.
W.S. Industries (India) was established in 1961 with a vision of creating an enduring benchmark in India for strategic excellence in electro-porcelains.
