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JTL Infra soars on planning to acquire manufacturing facilities of Jagan Industries

JTL Infra is currently trading at Rs. 87.45, up by 10.95 points or 14.31% from its previous closing of Rs. 76.50 on the BSE.

The scrip opened at Rs. 70.10 and has touched a high and low of Rs. 87.45 and Rs. 70.10 respectively. So far 10059 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 162.00 on 23-Jan-2019 and a 52 week low of Rs. 70.10 on 30-Oct-2019.

Last one week high and low of the scrip stood at Rs. 89.90 and Rs. 70.10 respectively. The current market cap of the company is Rs. 84.06 crore.

The promoters holding in the company stood at 70.26%, while Non-Institutions held 29.74% stake in the company.

JTL Infra is planning to acquire the manufacturing facilities of Jagan Industries, a promoter group entity. The meeting of the Board of Directors of the company is scheduled to be held on November 09, 2019, to consider the same.

JTL Infra is an India-based company engaged in manufacture and sale of ERW Black and Galvanized steel pipes and Tubes, hollow sections and structural steel that are used in engineering and construction projects. The Company products include galvanized steel tube and pipe, scaffolding fittings and system, hollow sections, LTZ section and mild steel angles/channels.

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