Ashirwad Steels & Industries is currently trading at Rs. 18.45, up by 0.35 points or 1.93% from its previous closing of Rs. 18.10 on the BSE.
The scrip opened at Rs. 18.60 and has touched a high and low of Rs. 19.00 and Rs. 17.30 respectively. So far 7937 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 22.25 on 12-Jan-2022 and a 52 week low of Rs. 8.60 on 16-Nov-2021.
Last one week high and low of the scrip stood at Rs. 21.15 and Rs. 17.30 respectively. The current market cap of the company is Rs. 22.38 crore.
The promoters holding in the company stood at 67.63%, while Institutions and Non-Institutions held 0.07% and 32.30% respectively.
Ashirwad Steels & Industries is all set to sell company’s sponge iron plant, situated at Adityapur Industrial Estate in Jamshedpur, along with its assets and liabilities, on a slump sale basis and as a going concern and on as is where is and whatever it is basis to Bankura Steel, based on the written binding offer of this purchaser company, for a lump sum consideration value of Rs 15 crore subject to approval by the shareholders through ongoing postal ballot process which is scheduled to be completed on February 10,2022.
Ashirwad Steels & Industries’ main business is manufacturing of Sponge Iron using Iron-Ore and Coal as the Raw Materials.