Zuari Industries soars on incorporating wholly Owned Subsidiary Company

Zuari Industries is currently trading at Rs. 174.05, up by 7.70 points or 4.63% from its previous closing of Rs. 166.35 on the BSE.

The scrip opened at Rs. 167.20 and has touched a high and low of Rs. 177.75 and Rs. 167.20 respectively. So far 8839 shares were traded on the counter.

Zuari Industries
Zuari Industries

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 216.85 on 05-Apr-2022 and a 52 week low of Rs. 115.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 177.75 and Rs. 155.10 respectively. The current market cap of the company is Rs. 489.74 crore.

The promoters holding in the company stood at 56.81%, while Institutions and Non-Institutions held 1.25% and 41.94% respectively.

Zuari Industries has incorporated wholly Owned Subsidiary Company in the name of ‘Zuari Envien Bioenergy’ under the provisions of the Companies Act, 2013, in the State of Haryana. Its main object inter-alia is to carry out the business of all types of biofuels/bioenergy.

Zuari Industries is engaged in the manufacture of urea and complex fertilisers.

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