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Sat Industries inches up on acquiring stake in Aeroflex Industries

Sat Industries is currently trading at Rs. 23.85, up by 0.05 points or 0.21% from its previous closing of Rs. 23.80 on the BSE.

The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.00 and Rs. 23.85 respectively. So far 882 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 2 has touched a 52 week high of Rs. 38.45 on 26-Jun-2019 and a 52 week low of Rs. 22.30 on 27-Sep-2019.

Last one week high and low of the scrip stood at Rs. 24.50 and Rs. 23.00 respectively. The current market cap of the company is Rs. 257.58 crore.

The promoters holding in the company stood at 54.01%, while Non-Institutions held 45.99%.

Sat Industries has acquired 67,01,300 shares of Aeroflex Industries on October 23, 2019. With this acquisition, the present holding / control has been increased from 69.39% to 98.70% in Aeroflex Industries.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.

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