Good Luck Steel Tubes is currently trading at Rs. 84.65, up by 7.80 points or 10.15% from its previous closing of Rs. 76.85 on the BSE.
The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 89.80 and Rs. 78.00 respectively. So far 1,63,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.80 on 19-Nov-2014 and a 52 week low of Rs. 14.70 on 13-Feb-2014.
Last one week high and low of the scrip stood at Rs. 89.80 and Rs. 62.60 respectively. The current market cap of the company is Rs. 177.82 crore.
The promoters holding in the company stood at 63.93% while Institutions and Non-Institutions held 3.98% and 32.09% respectively.
Good Luck Steel Tubes (GLST) has inaugurated its second manufacturing plant located at Sikandrabad District Bulandshahar in state of Uttar Pradesh on November 15, 2014. The company has invested around Rs 100 crore in the second plant and with this development it has doubled its production capacity from 30,000 MT to 60,000 MT.
In FY2015, when the plant is scheduled to go full stream, it will add up to top line by Rs 200 crore and & bottom line suitably. The product is in high demand in the American market and the production of the new plant is likely to be contracted by USA buyers alone, likely to be used in four-wheelers such as BMW, Audi, Volkswagen, Toyota etc.
Further, in the second phase of business expansion, the company intends to do a capital expenditure (capex) of Rs 50 crore for ramping up the capacity of structure vertical. In FY 2016, company plans to make a foray into forging vertical.
Good Luck Group is an ISO 9001 certified organization, engaged in manufacturing and exporting of wide range of Automobile CDW Tubes, Forged Engineering Products, T&D Towers & Boiler Structure, Galvanized Pipes, Roofing Sheets & Annealed Sheets.
| Company Name | CMP |
|---|---|
| Tata Steel | 129.85 |
| JSW Steel | 890.70 |
| SAIL | 108.25 |
| Jindal Stainless | 632.65 |
| Jindal Saw | 258.55 |
| View more.. | |
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