Kamdhenu is currently trading at Rs. 562.15, up by 12.45 points or 2.26% from its previous closing of Rs. 549.70 on the BSE.
The scrip opened at Rs. 539.00 and has touched a high and low of Rs. 578.00 and Rs. 539.00 respectively. So far 10823 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.00 on 02-Mar-2024 and a 52 week low of Rs. 262.70 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 582.00 and Rs. 520.95 respectively. The current market cap of the company is Rs. 1480.64 crore.
The promoters holding in the company stood at 58.74%, while Institutions and Non-Institutions held 4.18% and 37.08% respectively.
Kamdhenu has received approval for acquisition of 2,11,000 Equity Shares of Rs 10 each at an Issue price of Rs 230 per Equity Share, for a consideration aggregating to an amount of Rs 4.85 crore by way of subscription to the Preferential Issue of VMS TMT, a franchisee unit of the Company. The transaction is expected to be completed before June 30, 2024. The Loan and Investment Committee of the Board of Directors of the company, at its meeting held on June 17, 2024, has accorded its approval for the same.
Kamdhenu is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products under the brand name ‘Kamdhenu’.