Octant Industries is currently trading at Rs 6.75, up by 0.15 points or 2.27% from its previous closing of Rs 6.60 on the BSE.
The scrip opened at Rs 6.50 and has touched a high and low of Rs 6.75 and Rs 6.50 respectively. So far 4292 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 28.90 on 21-Mar-2011 and a 52 week low of Rs 5.53 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs 8.00 and Rs 5.53 respectively. The current market cap of the company is Rs 13.06 crore.
The promoters holding in the company stood at 60.20% while Non-Institutions held 39.80% stake in the company.
Octant Industries is implementing the Biomass cum Thermal Power Project in the state of Orissa, Sambalpur District. The company is taking all necessary steps and placing orders with various reputed agencies for fast implementation of the proposed power project.
The State Bank of Hyderabad have appraised the said project and giving necessary financial assistance for the same. The Project is also appraised by Power Finance Corporation of India and the company is also taking steps to tie up with them for financing the power project.
Further, the company has informed that the castor oil division is in line with getting the orders and executing the same to meet the budgeted revenue for the year 2011-12. The company also adopts global business standard to ensure their expanding range of foreign customers who will satisfy with company's quality products.
As a part of forward integration, the company has already taken adequate steps for building its agro farming division and the Government is also giving necessary support for the same.
Octant Industries is engaged in software development, information technology enabled services, contact centre customer services and back office transaction services. Its software development services of the company include system design and architecture, product development life cycle management, database design and integration, business process automation, user interface etc.
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