Share Trading Tips for Steel Exchange India

Steel Exchange India is currently trading at Rs. 92.50, up by 0.40 points or 0.43% from its previous closing of Rs. 92.10 on the BSE.

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 92.50 and Rs. 92.00 respectively. So far 5,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.00 on 16-Nov-2012 and a 52 week low of Rs. 39.90 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 95.00 and Rs. 82.50 respectively. The current market cap of the company is Rs. 76.00 crore.

The promoters holding in the company stood at 54.43% while Institutions and Non-Institutions held 0.58% and 44.99% respectively. 

Steel Exchange India’s special purpose vehicle (SPV) - Simhadri Power, has successfully commissioned the CFBC boiler and turbines with present power generating capacity of 50 MW on November 17, 2012. The balance 10 MW from waste heat recovery is expected to be commissioned by February 2013. 

Steel Exchange India operates in six divisions, namely Trading Division, Steel Melting Division, Rolling Division, Wire Drawing and HC Wire Products & Galvanized Wire Division, Pyxis Software Division and Sponge Iron Division. [Via]

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