Abans Holdings gains as its arm enters into MoU with SATCO Capital Markets

Abans Holdings is currently trading at Rs. 216.20, up by 1.60 points or 0.75% from its previous closing of Rs. 214.60 on the BSE.

The scrip opened at Rs. 214.80 and has touched a high and low of Rs. 219.40 and Rs. 214.80 respectively. So far 824 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 277.00 on 23-Jan-2023 and a 52 week low of Rs. 180.05 on 06-Jan-2023.

Last one week high and low of the scrip stood at Rs. 221.50 and Rs. 210.95 respectively. The current market cap of the company is Rs. 1084.16 crore.

The promoters holding in the company stood at 72.09%, while Institutions and Non-Institutions held 9.18% and 18.73% respectively.

Abans Holdings’ step down subsidiary — Abans Broking Services (ABSPL) has entered into Memorandum of Understanding (MoU) with SATCO Capital Markets (SATCO), for taking over the SATCO Growth and Momentum Portfolio from SATCO as ongoing PMS (Portfolio Management Service) strategy along with its performance history, Investors, AUM and Fund Management Personnel.

Abans Holdings is a globally diversified organization engaged in Investment Management, Trading, Broking, Gold Refining, Non-Banking Financial Services, Agricultural Trading, Pharmaceuticals Distribution, Software Development, and Real Estate Development.

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