Mukand Ltd is the India based manufacturer of stainless steel, alloy steel, stainless steel billets, exporter of hot rolled bars. Integrated in the year 1937, Mukand Iron & Steel Works Limited, was procured by the present promoter families, Shri Jamanlal Bajaj and Shri Jeevan Lal Shah, on the behest of Mahatma Gandhi in the year 1939. The Company then managed re-rolling mills and a foundry in Lahore and at Reay Road, Bombay respectively.
Today, Mukand share price surged over 9 per cent at NSE today to trade at the intraday high of Rs. 58.50 in the first half of the trade.
The Company was renamed Mukand Ltd. in the year 1989 and had grown to become a multi division, multi product conglomerate. Today the company’s products reach across the globe providing for a variety of industries. Mukand Ltd. is a multi division, multi product conglomerate engaged in the manufacture of specialty steel long products and heavy machinery. Mukand Ltd is in the Metals sector, having a market cap of Rs. 757.23 crores as on 8th December 2016. It has reported sales of Rs. 679.38 crores and a net profit of Rs. 6.05 crores for the quarter ended September 2016.
At 12:04 PM, Mukand share price was trading at Rs. 56.65, up by 5.79 per cent while the Benchmark Index Nifty was trading at 8218.45, up by 1.44 per cent. So far, one lakh shares had been traded at the NSE as compared to the twenty days trading average of 67 thousand shares. The stock has the standalone trailing PE of 33.36, beta of 1.56 and is currently trading below its 50 DMA.
Mukand is the top 500 performing stocks as identified by Dynamic Levels for the quarter from among the 1700 listed stocks on NSE. For the details on the stock, visit Mukand share price history page on Dynamic Levels.
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