Shah Alloys is currently trading at Rs. 18.15, up by 0.75 points or 4.31% from its previous closing of Rs. 17.40 on the BSE.
The scrip opened at Rs. 18.27 and has touched a high and low of Rs. 18.27 and Rs. 17.90 respectively. So far 2700 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.80 on 19-Dec-2016 and a 52 week low of Rs. 7.40 on 04-Jul-2016.
Last one week high and low of the scrip stood at Rs. 18.50 and Rs. 16.62 respectively. The current market cap of the company is Rs. 35.93 crore.
The promoters holding in the company stood at 54.19%, while Institutions and Non-Institutions held 8.82% and 36.98% respectively.
Shah Alloys has entered into an agreement with Edelweiss Asset Reconstruction Company (EARCL) for full & final settlement of entire consolidated dues of all three banks for Rs 50.00 crore to be paid in installments up to February 15, 2022.
The three lenders - Bank of Baroda, Oriental Bank of Commerce and Axis Bank had assigned all the rights, title and interests in financial assistances granted by them to Shah Alloys in favour of EARCL.
Shah Alloys is engaged in manufacturing of a range of stainless steel; alloy and special steel; carbon/mild steel, and armor steel in flat and long products.