Delta Manufacturing jumps after its arm completes sale of Swindon’s freehold land

Delta Manufacturing is currently trading at Rs. 91.00, up by 0.80 points or 0.89% from its previous closing of Rs. 90.20 on the BSE.

Delta Manufacturing
Delta Manufacturing

The scrip opened at Rs. 89.25 and has touched a high and low of Rs. 91.00 and Rs. 89.25 respectively. So far 301 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 111.35 on 12-Jan-2022 and a 52 week low of Rs. 23.05 on 27-Jan-2021.

Last one week high and low of the scrip stood at Rs. 101.30 and Rs. 87.00 respectively. The current market cap of the company is Rs. 96.90 crore.

Delta Manufacturing The promoters holding in the company stood at 71.23%, while Institutions and Non-Institutions held 0.08% and 28.69% respectively.

Delta Manufacturing’s wholly owned material subsidiary — Rhine Estates has completed the sale of freehold land situated at unit 23 Ash Industrial Estate, Kembrey Park, Swindon SN2 8UN to Servants Fellowship International on January 24, 2022, for an amount of British pound sterling 1.1 million (approximately Rs 10.92 crore) plus VAT.

Delta Manufacturing is a leading hard ferrite magnet (Anisotropic & Isotropic) manufacturer based in India.

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