Goodluck India is currently trading at Rs 91.00, up by 3.50 points or 4% from its previous closing of Rs. 87.50 on the BSE.
The scrip opened at Rs. 88.80 and has touched a high and low of Rs. 91.65 and Rs. 88.15 respectively. So far 4587 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 134.40 on 03-Aug-2016 and a 52 week low of Rs. 78.10 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 92.80 and Rs. 83.20 respectively. The current market cap of the company is Rs. 201.69 crore.
The promoters holding in the company stood at 60.46%, while Institutions and Non-Institutions held 9.95% and 29.59% respectively.
Goodluck India is coming up with new manufacturing facility for its existing line of business -- Steel tubes, pipes, precision tubes etc. at its land situated at Gujarat. The company’s existing manufacturing capacity is 2,30,000 MTPA and presently running at optimal capacity utilization. The proposed manufacturing facility of approximately 72,000 MTPA will add in the company’s total production capacity.
The proposed manufacturing facility is coming up at company’s already owned land in Gujarat with the total investment of 74 crore which will be met by debt and internal accruals/promoters contribution. The plant is expected to be commissioned by April 2018.
The location of proposed facility is within proximity of two ports Kandla Sea Port and Mundra Sea Port and strategically very suitable to the proposed project as it will reduce freight cost for exports to a significant extent and will give an edge over the competitors.
Goodluck India is one of India's leading and fastest growing business groups with over 500 employees and having multi location plants and units. With experience of more than two decades in the industry Goodluck has diversified business interests in the national and international market.
| Company Name | CMP |
|---|---|
| Tata Steel | 127.40 |
| JSW Steel | 899.20 |
| SAIL | 106.00 |
| Jindal Stainless | 623.45 |
| Jindal Saw | 262.00 |
| View more.. | |
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