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Electrosteel Steels is currently trading at Rs. 3.91, up by 0.02 points or 0.52% from its previous closing of Rs. 3.88 on the BSE.
The scrip opened at Rs. 3.80 and has touched a high and low of Rs. 4.09 and Rs. 3.80 respectively. So far 4,35,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 5.07 on 23-Mar-2015 and a 52 week low of Rs. 2.05 on 08-Sep-2015.
Last one week high and low of the scrip stood at Rs. 4.17 and Rs. 3.65 respectively. The current market cap of the company is Rs. 939.00 crore.
The promoters holding in the company stood at 45.23% while Institutions and Non-Institutions held 0.79% and 53.98% respectively.
Electrosteel Steels has received its shareholders’ approval for takeover of the company by lenders under a strategic debt restructuring (SDR). Accordingly, the company’s Rs 2,507 crore debt will be converted into 51 per cent equity.
In October, banks had approved conversion of the debt into 250 crore shares of face value Rs 10 each, to be issued at par. Earlier in July, a group of 31 lenders had approved restructuring the company’s debt. The steelmaker has been undergoing corporate debt restructuring since 2013 and owes around Rs 6,000 crore to various banks.
Electrosteel Steels is an India-based company engaged in the manufacture of steel. The Company’s products include pig iron, billets, thermo mechanically treated (TMT) bars, wire rods and ductile iron pipes. It consists of a sinter plant, pellet plant, coke oven, blast furnace, basic oxygen furnace, billet caster, wire rod mill, bar mill and power plant.
| Company Name | CMP |
|---|---|
| Tata Steel | 174.10 |
| JSW Steel | 944.00 |
| SAIL | 149.05 |
| Jindal Stainless | 807.65 |
| Jindal Saw | 546.45 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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