Good Luck Steel Tubes is currently trading at Rs. 80.85, up by 4.80 points or 6.31 % from its previous closing of Rs. 76.05 on the BSE.
The scrip opened at Rs. 77.85 and has touched a high and low of Rs. 81.55 and Rs. 77.70 respectively. So far 106639 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. 17.65 on 14-May-2014.
Last one week high and low of the scrip stood at Rs. 78.05 and Rs. 73.20 respectively. The current market cap of the company is Rs. 175.61 crore.
The promoters holding in the company stood at 61.91 % while Institutions and Non-Institutions held 1.98 % and 36.11 % respectively.
Good Luck Steel Tubes, an engineering product manufacturing conglomerate, has received its board’s approval for expansion plan of its structure division to make a foot mark and tap the potential in focus sector, i.e. Railway, Defence and Power (renewable & non renewable). Identifying the huge potential of fabricated support structure solutions in Railway, Defence and Power sector in India and overseas, the company is coming up with an expansion of its structure division with the new & modern facilities.
The expansion once completed will contribute additional approx Rs 100 crore to top line and significantly to bottom line. The financial need will be met by debt and promoter’s contribution. The Management is positively hopeful for its financial closure by April, 2015 and commissioning of the new facility by the end of March, 2016.
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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