Sam Industries is currently trading at Rs. 49.99, up by 1.41 points or 2.90% from its previous closing of Rs. 48.58 on the BSE.
The scrip opened at Rs. 49.99 and has touched a high and low of Rs. 49.99 and Rs. 49.99 respectively. So far 300 shares were traded on the counter.
The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 81.70 on 17-Feb-2023 and a 52 week low of Rs. 26.35 on 10-Oct-2022.
Last one week high and low of the scrip stood at Rs. 52.50 and Rs. 45.50 respectively. The current market cap of the company is Rs. 53.87 crore.\
The promoters holding in the company stood at 74.83%, while Non-Institutions held 25.17% stake in the company.
Sam Industries has received approval to launch a new project i.e ‘Shivaay LogiSpace’ a Logistics Park with a total spread of around 20 acres to construct and lease warehouses at Village. Dakachiya, Tehsil: Sanwer, Indore, Madhya Pradesh. The Board has approved to launch yet another project i.e. a mixed-use commercial building on one of the most prominent high streets of Indore under the name of ‘Shivaay One’, which will be ready by the end of the financial year.
The Board has approved Letters of Intent (LOI) with M/s. Delhivery and M/s. Instakart Services (Flipkart) for constructing warehouses and to lease them. The Board has approved to borrow money from Banks upto Rs 30 crore for company’s above-mentioned projects. The board of directors at its meeting held on July 22, 2023 has approved the same.
Sam Industries is one of the leading Soyabean processing units located in the hearts of the Soya belt in India. With its diversification plan the company has moved to Welding and Real Estate business.