Carborundum Universal is currently trading at Rs. 1527.05, up by 55.60 points or 3.78% from its previous closing of Rs. 1471.45 on the BSE.
The scrip opened at Rs. 1511.45 and has touched a high and low of Rs. 1558.20 and Rs. 1498.25 respectively. So far 6506 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1835.65 on 20-Jun-2024 and a 52 week low of Rs. 1026.00 on 27-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1558.55 and Rs. 1468.05 respectively. The current market cap of the company is Rs. 29134.28 crore.
The promoters holding in the company stood at 41.16%, while Institutions and Non-Institutions held 41.02% and 17.82% respectively.
Carborundum Universal (CUMI) has entered into a Purchase Agreement with M/s. Silicon Carbide Products Inc. (SCP Inc), Mr. Joshua J. Dahlman and Mr. Rick L Cleveland (the existing ‘Equity holders’ of SCP Inc) for acquiring 100% membership interest in SCP Inc through a Type-F reorganisation as provided under the US Internal Revenue Code (IRC) section 368(a)(1)(F). For the purposes of this acquisition, the Company would be incorporating a wholly owned subsidiary in USA which will be the SPV for the acquisition.
The completion of the acquisition is subject to meeting the closing conditions as per the terms of the Share Purchase Agreement. As a part of the Ceramics Business, CUMI -- the Company has been operating in the Refractories and Industrial Ceramics manufacturing space for over 5 decades. The products of CUMI and SCP will complement and significantly aid expansion of market share, geographical footprint beyond the Americas. The acquisition of SCP aligns with the strategic expansion plans of the Company.
Potential value is expected to be unlocked by utilizing the capabilities that reside across SCP and CUMI through technology co-operation between them and can deploy learnings, especially on process, forming, tooling, and application knowledge.
Carborundum Universal manufactures and sells mainly Abrasives, Ceramics (Industrial Ceramics, Refractories) and Electrominerals.
| Company Name | CMP |
|---|---|
| Carborundum Univer. | 1247.25 |
| Grindwell Norton | 1882.50 |
| Wendt India | 16355.00 |
| Alirox Abrasives | |
| John Oakey & Mohan Ltd. | |
| 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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
