In today’s trading session, Mukand share price zoomed by almost 10 per cent. The share made an intraday high of Rs 54.85 and an intraday low of 48.15.
Mukand is identified as one of the Multibagger stocks by Dynamic Levels Research team. This means that Mukand is one of the well analysed stocks, based on our technical and fundamental research that is traded in very high volumes can multiply its earnings per share every year. It has a great potential to grow in the long run.
At 3.20 PM Mukand share price was trading at Rs 53.65, up by 9.49 per cent or 4.65 points. The share price opened at Rs 48.15 from the previous closing of Rs 49.00. A total of 59,857 shares of the company have been traded on NSE for a total value of Rs 31.47 lacs. The 20 days average daily trading volume is 30,110.
Established in the year 1937, Mukand Iron & Steel Works Limited, was acquired by the present promoter families, Shri Jamanlal Bajaj along with Shri Jeevan Lal Shah, on the behest of Mahatma Gandhi in 1939. The Company then operated re-rolling mills as well as a foundry in Lahore and at Reay Road, Bombay respectively.
Mukand is a multi division, multi product conglomerate that is involved in the manufacture of specialty steel long products and heavy machinery.
As of 27th December 2016, the market cap of the company stands at Rs 692.89 crores. The book value of the company is 14.45 and the Promoter holding pledged is 17.9 per cent. The 52 week high of the share is Rs 75.70 made 25th October 2016 and the 52 week low is Rs 27.40 made on 19th February 2016.
For more information on the support and resistance levels of the share please visit Mukand share price forecast page.
No comments:
Post a Comment