Sat Industries is trading at its upper circuit limit of Rs. 56.70, up by 9.35 points or 19.75% from its previous closing of Rs. 47.35 on the BSE.
The scrip opened at Rs. 49.70 and has touched a high and low of Rs. 56.80 and Rs. 49.00 respectively. So far 804103 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 2 has touched a 52 week high of Rs. 47.90 on 06-Jan-2022 and a 52 week low of Rs. 14.00 on 22-Mar-2021.
Last one week high and low of the scrip stood at Rs. 47.90 and Rs. 37.90 respectively. The current market cap of the company is Rs. 641.19 crore.
The promoters holding in the company stood at 51.59%, while Non-Institutions held 48.41%.
Sat Industries’ material subsidiary — Sah Polymers has acquired 51.01% stake in Fibcrop Polyweave. With this, it has become subsidiary of Sah Polymers and step down subsidiary of Sat Industries. The prime object is to broad base the existing activities with new line of activities which are of high value and have bright futures in terms of revenue and growth. The target Company is engaged in the business of manufacturing of Flexible Intermediate Bulk Containers (FIBC). Cost of acquisition is Rs 1655 per share.
Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.