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Gravita India is currently trading at Rs. 80.75, up by 2.70 points or 3.46% from its previous closing of Rs. 78.05 on the BSE.
The scrip opened at Rs. 79.05 and has touched a high and low of Rs. 81.00 and Rs. 78.00 respectively. So far 11266 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 88.50 on 05-Jan-2021 and a 52 week low of Rs. 32.00 on 01-Apr-2020.
Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 75.05 respectively. The current market cap of the company is Rs. 544.02 crore.
The promoters holding in the company stood at 72.50%, while Institutions and Non-Institutions held 0.49% and 27.01% respectively.
Gravita India has signed an annual agreement with Sorin Corporation, a subsidiary of Korea Zinc Co for supplying of approximately 8,000 MT of refined lead to be executed in calendar year 2021, which at current lead prices would be an approximate contract value of Rs 125 crore.
Korea Zinc is a world's leading non-ferrous metal smelting company that has served as a foundation for the growth of the base metal industry in Korea. Established in 1974, it produces about 1.2 million tons out of various types of non-ferrous metals from zinc to lead, gold, silver, copper as well as rare materials such as indium. Sorin Corporation has its presence largely in South East Asian countries like Vietnam, Japan, South Korea, Philippines and India.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
| Company Name | CMP |
|---|---|
| Hindalco | 680.55 |
| Vedanta | 442.75 |
| Hindustan Zinc | 672.35 |
| Gravita India | 1471.30 |
| Ram Ratna Wires | 375.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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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