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Friday, December 23, 2016

Mahamaya Steel Share Price turns Volatile


Mahamaya Steel
Mahamaya Steel Industries Ltd. was incorporated in the year 1988. It is a Small Cap company which has a market cap of Rs. 204.31 (Cr). operates in the Iron and Steel sector. The company manufactures mild steel: MS strips, MS Channels, MS Girders and MS Flats.
The stock has been showing volatility since the market commenced. It went down to touch 5 per cent but as of now Mahamaya Steel share price is trading below 1.77 per cent. The stock opened with a rise of 2.60 points at Rs. 142.05 as compared to its previous closing at Rs. 147.30. The stock touched the days high and low at Rs. 150 and Rs. 140. Approximately 1,315 shares are traded on the counter with a traded value of Rs. 1.88 lacs, as per NSE. Mahamaya Steel Industries Ltd. key Products/Revenue Segments include Strips (Hot Rolled & Cold Rolled) which contributed ? 355.27 Cr to Sales Value (99.94 per cent of Total Sales) and Other Operating Revenue which contributed Rs. 21 Cr to Sales Value (0.05 % of Total Sales) for the year ending 31st Mar 2016.
For the quarter ended 30th Sept 2016, the company has reported Standalone sales of Rs. 68.38 Cr., up 1.42 from last quarter Sales of Rs. 67.42 Cr. and down -20.40 from last year same quarter Sales. Company has reported net profit after tax of Rs.0.38 Cr. in the latest quarter. It is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.For further details on the stock, refer to Mahamaya Steel share price history.

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