Gravita India is currently trading at Rs. 427.00, up by 5.90 points or 1.40% from its previous closing of Rs. 421.10 on the BSE.
The scrip opened at Rs. 418.50 and has touched a high and low of Rs. 428.40 and Rs. 408.00 respectively. So far 1,31,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.90 on 06-Apr-2011 and a 52 week low of Rs. 165.70 on 10-Dec-2010.
Last one week high and low of the scrip stood at Rs. 428.80 and Rs. 305.00 respectively. The current market cap of the company is Rs. 581.00 crore.
The promoters holding in the company stood at 73.52% while Institutions and Non-Institutions held 4.12% and 22.35% respectively.
Gravita India, an Indian multi-national company based in Jaipur has acquired the balance 20% stake in Metal Inc, Kathua in partnership with its subsidiary Gravita Exim. With this addition, Gravita has acquired 100% stake in the said unit. The unit name has been changed to Gravita Metal Inc.
This acquisition will strengthen the Gravita's standing in North Indian and will lead to improved profit margins on account of location of the unit in Tax Heaven Zone. The business in Gravita Metal Inc is expected to boost the top line and bottom line of the company by Rs 35 to Rs 40 crore and Rs 3 to Rs 3.5 crore approximately on an annual basis.
Earlier in June 2011, Gravita India along with its subsidiary Gravita Exim had acquired 80% stake in Metal Inc, Kathua.
Gravita India along with its subsidiaries has business across border in about 44 countries. The company deals in Lead and Lead related products. The major products of the company comprise of pure Lead, Refined Lead Ingots, Lead Alloy, Red Lead, Litharge etc. The company is also engaged into trading activities and supply of Lead plants and turnkey projects.
| Company Name | CMP |
|---|---|
| Hindalco | 586.60 |
| Vedanta | 446.40 |
| Hindustan Zinc | 444.20 |
| Gravita India | 2246.15 |
| Ram Ratna Wires | 541.60 |
| View more.. | |
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