Stock View on Steelcast Company: Stock Trading Tips

The company to consider and approve Issue of Equity Shares on preferential basis.

Steelcast Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 17, 2016, inter alia, to consider and approve Issue of Equity Shares on preferential basis.

Stock view:

Steelcast Ltd ended at Rs. 60, up by Rs. 0.35 or 0.59% from its previous closing of Rs. 59.65 on the BSE.

The scrip opened at Rs. 59.75 and touched a high and low of Rs. 60.5 and Rs. 59.75 respectively. A total of 24022(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 109.32 crore. +

The BSE group ‘XD’ stock of face value Rs. 5 touched a 52 week high of Rs. 67.4 on 24-Dec-2015 and a 52 week low of Rs. 32.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 63 and Rs. 54 respectively.

The promoters holding in the company stood at 50.88 % while Institutions and Non-Institutions held 0 % and 49.12 % respectively.

The stock traded below its 50 DMA.

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